The Sterling (GBP) surged towards 1.6500 on the back of solid GBP/JPY buying and EUR/GBP selling. House Prices are under pressure still in the UK with October HPI falling -3.7%y/y. Overall the GBP/USD traded with a low of 1.6204 and a high of 1.6515 before closing the day at 1.6440 in the New York session. Looking ahead, Bank Holiday.
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