The Sterling (GBP) tested 1.6000 before surging higher on strong June PMI Services at 53.9 vs. 53.5 forecast in a rare better than forecast result. Resistance above 1.6100 proved solid however and the market was content to ease back for the rest of the day. Overall the GBP/USD traded with a low of 1.5989 and a high of 1.6129 before closing the day at 1.6080 in the New York session.
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