Cable hold on sustained break above 1.60. Much more about trends in the pound could say the pair EUR / GBP at a level of 0.88, which for some time was broken last week. It's that level on a permanent basis has not been since mid-April. Taking into account the trade-weighted basket, sterling was little more than 3% weaker than in September (due to the large commercial weight euro), whereas in the currency this month was slightly more stable (0.2%) for the same reasons. At least for the moment, the pound is not the most benefit from dollar weakness, but the British authorities were in favor of a broader international debate on monetary policy. At the moment, the focus of the financial part of the problem with budget cuts. We'll have more details next week, but now the consumer price index data, which will be published on Tuesday, are in the spotlight. In the past two years, most of the time (2 / 3), these data were stronger than expected, because to break this cycle to the Bank of England felt more comfortable against inflation.
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