The Sterling (GBP) was heavy for most of the day with risk off trading and a resurgent USD. EUR/GBP fell from the 0.8500 level and could resume its downtrend if Eurozone issues flare up. Overall the GBP/USD traded with a low of 1.5653 and a high of 1.5773 before closing the day at 1.5715 in the New York session. Looking ahead, October industrial Output forecast at 0.25% vs. 0.4% previously.
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