The Sterling (GBP) consolidated in a tight range above 1.6500 with the market ready to press higher after breaking key resistance last week. EUR/GBP is still above 0.8800 and could fall back to 0.8500 if the Pound Plays catch up in coming weeks. Overall the GBP/USD traded with a low of 1.6500 and a high of 1.6568 before closing the day at 1.6519 in the New York session. Looking ahead, Bank Holiday in the UK.
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