The Sterling (GBP) was rescued by the sharp EUR/USD rally to climb away from the 1.6000 support. GBP/JPY buying also supported and we moved above 1.6150 in the US session. The BOE held at 0.5% and kept QE at 375bn as widely expected. Looking ahead, UK November Industrial Orders forecast 0.8% vs. -0.8% m/m.
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