The Sterling (GBP) was bought aggressively across the board on talk of large sovereign buying. Also helping the pair to maintain gains was the large jump in December Manufacturing PMI to record 58.3. Overall the GBP/USD traded with a low of 1.5452 and a high of 1.5649 before closing the day at 1.5580 in the New York session. Looking ahead, December PMI Construction is forecast 50.9 vs. 51.8 previously.
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