The Sterling (GBP) continued to outperform on the back the BOE inflation report and heavy unwinding of long EUR/GBP positions. GBP/JPY also remained strong above Y132 and is threatening to break higher. Overall the GBP/USD traded with a low of 1.6079 and a high of 1.6182 before closing the day at 1.6130 in the New York session.
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