The Sterling (GBP) struggled in thin holiday markets from both a resurgent USD and strong EUR/GBP rally. Support was found at 1.5450 but the bounce was limited. Overall the GBP/USD traded with a low of 1.5431 and a high of 1.5579 before closing the day at 1.5480 in the New York session. Looking ahead, Mortgage Approvals are forecast at 46.9k vs. 47.19k previously.
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