The Sterling (GBP) pivoted the 1.6500 level in quiet trade with profit taking on rallies the main story. GBP/JPY was especially weak in the US session. Overall the GBP/USD traded with a low of 1.6465 and a high of 1.6552 before closing the day at 1.6480 in the New York session. Looking ahead, April CBI Orders forecast at 3 vs. 5.
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