The Sterling (GBP) was higher but only marginally gaining to 1.5950 on the major. More substantial gains were seen on the GBP/JPY which moved above Y125 in strong trade. Looking ahead, July German Trade Balance at 15.5bn vs. 16.2bn previously. Also released German Industrial Output forecast at 0 vs. -0.9% m/m. August UK PPI Input forecast at 1.7% vs. 1.3% m/m.
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