The Sterling (GBP) Cable managed only a smaller rally back above 1.6100 but lagging the EUR/USD. EUR/GBP moved higher to 0.8000 and is an important cross to watch to gauge relative strength of the two majors. Looking ahead, German CPI forecast at -0.1% m/m. October EU Industrial Production forecast at 0.2% vs. -2.5% previously.
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