The Sterling (GBP) struggled to match the rallies in the rest of the market with the 1.6000 level providing selling protection. EUR/GBP is building strength above the 0.8500 level as central banks diversify into the single currency. Overall the GBP/USD traded with a low of 1.5918 and a high of 1.6016 before closing the day at 1.5985 in the New York session. Looking ahead, Q4 GDP forecast at 0.5% vs. 0.7% previously.
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