The Pound fell sharply after the preliminary second quarter GDP figures showed the economy contracted by 0.8% which was more than double the median estimate of 0.3%. Sterling reached as high as 1.6544 before the release on prevailing risk appetite, but a record 5.6% drop in the annual reading for GDP saw the GBP/USD drop over a 100 pips but is starting to regain its footing. Talking Points
• Japanese Yen: Testing 95.00
• Pound: GDP...
