The Sterling (GBP) a larger than expected jump in January Retail Sales to 1.9% vs. -1.4% previously helped the Pound outperform and cable surge to 1.6250. Wednesday&rsquo s MPC Rate Meeting Minutes will be the next major risk event for the GDP with focus on any more members moving towards a rate hike. Overall the GBP/USD traded with a low of 1.6149 and a high of 1.6262 before closing the day at 1.6250 in the New York session.
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