The Sterling (GBP) broke out of the range to the topside and surged to 1.6300 before stabilizing in the close. EUR/GBP climbed back above 0.8800 as the Euro outperformed. June Retail Sales were strong at 0.7% vs. -1.3% previously. Overall the GBP/USD traded with a low of 1.6119 and a high of 1.6344 before closing the day at 1.6325 in the New York session.
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