The Sterling (GBP) moved in sympathy with the Euro falling sharply after the Irish downgrade with UK banking exposure linking the two currencies. EUR/GBP did fall back under 0.8500 after testing higher earlier in the day. Overall the GBP/USD traded with a low of 1.5455 and a high of 1.5646 before closing the day at 1.5518 in the New York session.
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