In an otherwise uneventful foreign exchange market, sterling's slide for its fifth consecutive session is the highlight. It was pushed below $1.30 for the first time since July 12. Initial resistance for the North American session is seen near $1.3020, while the $1.2960 area corresponds to a minor retracement objective. Sterling has been sold-off since the middle of last week. Today's data may have simply provided a little more ammo for what the market was already doing. .There were three reports today, BRC sales, industrial production, and the trade balance. The BRC sales figures are for July, while the other two ... (full story)