The Sterling (GBP) fell in sympathy with the Euro but losses where limited and EUR/GBP made further lows towards the 0.8600 level. Cable stayed in a 40 pip range in Europe and US sessions. Overall the GBP/USD traded with a low of 1.6102 and a high of 1.6217 before closing the day at 1.6140 in the New York session. Looking ahead, September Trade Balance forecast at -8bn vs. -8.23bn previously.
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