The Sterling (GBP) Broke through multiple supports on its way down to low 1.5760 lows on a combination of the North Korean attack news and English bank exposure to Irish debt. Below 1.5800 the market is in danger of falling further as the recent uptrend unwinds. Overall the GBP/USD traded with a low of 1.5757 and a high of 1.5957 before closing the day at 1.5780 in the New York session.
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