The Sterling (GBP) hit intra month lows below 1.6100 as the USD strength persistence given weak stocks. Rumors that Moody& rsquo s will be downgrading UK banks also hurt the GBP with EUR/GBP finishing higher even with the Eurozone issues. Overall the GBP/USD traded with a low of 1.6055 and a high of 1.6235 before closing the day at 1.6100 in the New York session.
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