The Sterling (GBP) in stark contrast to the Euro the GBP/USD held on to gains and kept creeping higher for most of the day. Back above 1.6100 the big move was on the EUR/GBP which dropped from 0.8150 to 0.8030. The catalyst for the strength was the Q3 GDP which came in strong at 1.0% vs. 0.6% q/q. Looking ahead, November GFK Consumer Confidence forecast at 5.9.
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