Flash: GBP/USD has topped – Commerzbank

Karen Jones, Head Technical Analyst at Commerzbank suggests that the GBP/USD has held steady bouncing off the 20 day ma at 1.6039.
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Germany: Factory Orders drop in August against forecasts

German Factory Orders fell 0.3% in August, following a 1.9% drop the previous month, according to data released today by the Deutsche Bundesbank. Analysts expected 1.2% growth.
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