Flash: EUR/USD and GBP/USD to retest highs on FOMC Taper cull? - UBS

Syed Mansoor Mohi-uddin of UBS notes that the Fed's shift has thrown the whole timetable for tapering and ending quantitative easing into doubt.
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GBP/USD deepens correction from 8-month highs

The GBP/USD came under pressure and pulled back below 1.6100 after data showed UK retail sales unexpectedly dropped in August.
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