The Sterling (GBP) GBP/USD is strong above 1.5700 as the relief rally begins to get legs and the market plays catch up for the GBP/USD. The recent move from 1.6200 to 1.5300 means the topside is still significant if the EU debt crisis can be delayed or resolved in the short term. EUR/GBP is a good pair to watch to help you gauge the current EURO strength/weakness bias in the market.
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