The Sterling (GBP) the GBP/USD rallied with the Euro pre Draghi and the BOE did as expected leaving interest rates at 0.5% and Asset purchase program at 375bn. EUR/GBP spiked to 0.7900 but finished back below 0.7850 as the Euro was sold heavily in the US session. Looking ahead, July EU PMI Services forecast at 47.6 vs. 47.6 previously. Also ahead, UK PMI services forecast a t51.5 vs. 51.3 previously.
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