UK data have been surprisingly strong, notes RBC Capital Markets, with the bank's own Economic Surprise Index for the UK at +100 for the second week running, while for all the other countries the bank monitors the index is neutral or negative. Key UK events this week are August inflation data [Tuesday], and MPC minutes [Wednesday], which the bank thinks will reveal a nod towards extending QE in November and be a positive for sterling sentiment. GBP/USD now at 1.6219, EUR/GBP 0.8083; RBCCM says it favors being tactically long sterling on the crosses.
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