The Sterling (GBP) sold off with the rest of the market but was able to take advantage of the EURO slump to push EUR/GBP from fresh month highs nearly 2 big figures lower. The BOE held at 0.5% as expected but did not release a statement. Overall the GBP/USD traded with a low of 1.6362 and a high of 1.6545 before closing the day at 1.6395 in the New York session. Looking ahead, BOE Governor King Speaks
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