The Sterling (GBP) tested 1.6000 before reversing and gaining with the Euro and US stocks. February PPI rose 1.1% vs. 1.4%. EUR/GBP pushed higher breaking to 4 month highs above 0.8670 and could be poised to break out higher. Overall the GBP/USD traded with a low of 1.5975 and a high of 1.6080 before closing the day at 1.6070 in the New York session.
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