The Sterling (GBP) some softer than expected November PPI at 3.3 vs. 3.5% y/y had very little impact in the market with stronger risk appetite competing with USD strength on the major. EUR/GBP managed to grind lower and GBP/JPY is also doing well in recent sessions. Overall the GBP/USD traded with a low of 1.5750 and a high of 1.5861 before closing the day at 1.5810 in the New York session.
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