The Sterling (GBP) was the strongest currency in the market overnight as the recent underperformance was corrected on strong Q1 GDP and Mortgage data. Q1 GDP was 0.5% Q/Q and Mortgages increased 31k in March. Overall the GBP/USD traded with a low of 1.6443 and a high of 1.6673 before closing the day at 1.6695 in the New York session.
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