The Sterling (GBP) moved above 1.6100 and topped out at 1.6130 with the bulls back in control so far this week. The GBP/USD will follow the lead of the EUR/USD although EUR/GBP is grinding higher so perhaps the movements will be at slower pace. Looking ahead, September Claimant Count forecast at 0 vs. -15k previously. MPC minutes forecast at 9-0 for no change last meeting. Also October UK Unemployment Rate forecast at 8.1%.
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