The Sterling (GBP) was a noted underperformer with EUR/GBP rebounding and Cable dropping below the 1.6100 level after the recent rally ran out of steam. The outlook is very mixed with more range trading expected until the Bank of England&rsquo s monetary policy outlook is more clearly outlined. Overall the GBP/USD traded with a low of 1.6003 and a high of 1.6130 before closing the day at 1.6060 in the New York session.
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