The Sterling (GBP) the GPD/USD outperformed other majors gaining on the day even as stocks fell in the US session. The move above 1.6250 mean the EUR/GBP fell back to 0.8060 and could retest 0.8000 if the Euro rally falters. Looking ahead, August CPI forecast at 2.5% vs. 2.6% previously. Also August Retail Price index forecast at 3.1% vs. 3.2% previously.
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