The Sterling (GBP) strong with the Euro grinding higher to test 1.6200 before settling in quiet trade. Traders have been selling the Pound in recent session as the weakness of the recovery overpowers the inflation risk/rate hikes risks. Overall the GBP/USD traded with a low of 1.6025 and a high of 1.6202 before closing the day at 1.6180 in the New York session.
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