The Sterling (GBP) came under pressure in the European Session after the Q4 GDP was revised lower to -0.6% vs. -0.5%. The statistics offices noted bad weather for the recessionary figure. EUR/GBP is holding above 0.8500 after recent Pound underperformance. Overall the GBP/USD traded with a low of 1.6029 and a high of 1.6161 before closing the day at 1.6102 in the New York session.
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