Germany Wholesale Price Index (MoM): -1% in October; -2.7% (YoY)

GBP/USD deflates to session lows

The sterling is now losing the grip, dragging the GBP/USD to challenge intraday lows around 1.5950 after briefly piercing the 1.5990 level overnight....
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Germany: Harmonised Index of Consumer Prices (MoM) (October): -0.3%. (YoY) 1.2%.

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