The Sterling (GBP) was under heavy selling pressure against all the majors with risk turned off. Cable moved back to 1.6100 and EUR/GBP moved back towards 0.8500. GBP/JPY was also under pressure as the recent rally reversed. Overall the GBP/USD traded with a low of 1.6099 and a high of 1.6231 before closing the day at 1.6130 in the New York session.
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