The Sterling (GBP) rallied with the rest of the risk currencies but found resistance at last week highs near 1.6180. The market is volatile with news coming from both directions lately and providing plenty of trading opportunities between 1.5900-1.6200. Overall the GBP/USD traded with a low of 1.6053 and a high of 1.6180 before closing the day at 1.6120 in the New York session. Looking ahead, MPC Minutes forecast at 2-7-0.
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