The Sterling (GBP) GBP/USD lifted off the 1.6000 levels and rallied to 1.6080 tracking EUR/USD higher. UK data has been improving of late and yesterday’s Trade balance was no exception with the July figure dropping to -7.1bn vs. -9bn. Looking ahead, August German CPI forecast at 0.3% m/m. Also July EU Industrial Production is forecast at 0 vs. -0.6% previously. German Constitutional Court Decision.
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