The Sterling (GBP) the heavy selling on the EUR/USD transferred over to the GBP/USD which also fell heavily down below 1.5500 and looking weak technically. The EUR/GBP is remaining near the 0.8000 level with the big figure acting like a magnet in recent trading sessions. Looking ahead, April German Retail Sales forecast at 0.0% vs. 0.8% previously. May German Unemployment change is forecast at -5k vs. 19k previously.
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