The Sterling (GBP) the weak USD has sent the GBP/USD to 1.6200 and we are looking for even more gains as the sentiment remains strong. The EUR/GBP is continuing to grind higher lately as the Euro recovery extends. The UK has its own QE program but with inflation higher than expected BOE member Broadbent see less scope for action. Looking ahead, August EU Inflation forecast at 0 vs. 0.6% previously
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