The Sterling (GBP) a brief rally in Europe was sold aggressively to fresh day lows as Wall St slumped on Egypt Concerns. EUR/GBP was still a source of support however with the market grinding lower. GBP/JPY fell to Y130 support and is pressuring the Key level. Overall the GBP/USD traded with a low of 1.5826 and a high of 1.5966 before closing the day at 1.5865 in the New York session.
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