The pound is stable on Friday, as GBP/USD continues to trade in the high-1.66 range. In economic news, British GDP posted a strong estimate of 0.8% in Q2. In the US, it's a busy day on the event calendar, led by two key releases on the calendar - PPI and UoM Consumer Sentiment. The markets are bracing for a soft PPI, while Consumer Sentiment is expected to post another strong reading. The pound has taken a tumble against the US dollar, shedding about 200 points in the past two weeks. GBP/USD
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