The Sterling (GBP) outperformed the Euro in a notable downside test for the EUR/GBP which threatens the recent uptrend. Cable found support under 1.6300 and stabilized near the figure into the weekend. Overall the GBP/USD traded with a low of 1.6291 and a high of 1.6373 before closing the day at 1.6293 in the New York session.
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