As expected, we saw low volume yesterday, though the euro, strangely, was the one with least volatility. The GBP/USD pair may be attempting a run higher, now that a break above 1.45 is clear; next resistance is at 1.4550. We think UK Manufacturing PMI may give the sterling a boost, due out in a few hours. Australian data came out as expected, no big moves since the Retails Sales and RBA Rate Statement releases. We're looking towards London and NY open to drive price action, along with equity prices.

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