The Sterling (GBP) tracked the risk on and off trading falling sharply on a drop in UK May PMI Factory which dropped to 52.1 vs. 54.4 previously. EUR/GBP popped above 0.8800 before reversing. Overall the GBP/USD traded with a low of 1.6422 and a high of 1.6548 before closing the day at 1.6455 in the New York session. Looking ahead, May Construction PMI forecast at 53.6 vs. 53.3.
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