The Sterling (GBP) the market responded bullishly to a very strong UK Manufacturing PMI at 58 vs. 55.5 previously, a fresh 16 year high. November Nationwide House Prices were weak however at -0.3% vs. -0.2% forecast. Cable rallied with the market but failed to hold gains as EUR/GBP rebounded. Overall the GBP/USD traded with a low of 1.5543 and a high of 1.5651 before closing the day at 1.5610 in the New York session.
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