The Sterling (GBP) fell sharply below 1.6000 before rebounding gentle to 1.6100 in the US session. Crosses are not helping with EUR/GBP and GBP/JPY both adding weight to the major and both developing technically bearish for the Pound. Overall the GBP/USD traded with a low of 1.5975 and a high of 1.6188 before closing the day at 1.6075 in the New York session. Looking ahead, January Unemployment 7.9% vs. 7.9%.
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