The Sterling (GBP) was the strongest currency in the market as traders reacted to a very solid January Construction PMI at 53.7 vs. 49.8 previously. GBP/JPY moved above Y132 and EUR/GBP fell back towards 0.8500. Overall the GBP/USD traded with a low of 1.6126 and a high of 1.6234 before closing the day at 1.6195 in the New York session.
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