The Sterling (GBP) the GBP/USD rubbed against the 1.5900 level for most of the day overnight with risk on trade and positive sentiment. The manufacturing PMI from the UK overnight was very strong at 49.5 vs. 46 forecast. Looking ahead, Switzerland Q2 GDP forecast at 0.2% vs. 0.7% previously. Also EU July PPI Output forecast at 0.2% vs. -0.5%.
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