The Sterling (GBP) Cable was bought aggressively on a pullback to 1.5730 to close back above 1.5800. The market expects the BOE to increase the Asset purchase program by 50bn at Thursday’s meeting. EUR/GBP is moving towards the 0.8250 support and a break could lead to 0.8000 on the cross and 1.6000 on the major. Looking ahead, BRC Retail Sales previously at 2.2%.
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