The Sterling (GBP) was sold hard in the US session as EUR/GBP found some solid support and Cable broke below 1.6000. EUR/GBP jumped from 0.8490 to 0.8570. The outlook for Cable is very mixed with range trading around the 1.6000 level likely until a new catalyst is found. Overall the GBP/USD traded with a low of 1.5938 and a high of 1.6094 before closing the day at 1.5985 in the New York session.
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