The Sterling (GBP) continued to pivot the 1.6300 level while the traders pushed pause waiting for Greece and US debt clarification. EUR/GBP grinded higher after testing 0.8800 and is well supported on the strong EUR/USD movements of late. Overall the GBP/USD traded with a low of 1.6260 and a high of 1.6330 before closing the day at 1.6290 in the New York session. Looking ahead, Q2 forecast at 0.2% vs. 0.5% previously.
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