The Sterling (GBP) found support and broke through 1.6300 in the European session to hit day highs in the US. The MPC minutes released today could provide further support if it shows more members contemplating a rate hike at the April meeting. Overall the GBP/USD traded with a low of 1.6228 and a high of 1.6342 before closing the day at 1.6320 in the New York session. Looking ahead, April MPC Minutes forecast at 3-6-0.
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