The Sterling (GBP) was barely affected by the EUR/USD selling instead taking advantage on the EUR/GBP to once again test the key 0.8000 level support. The market has ended near 1.5720 highs even though the market is pricing in more QE from the BOE on Thursday which is traditionally bad for the country’s currency. Also ahead, May EU PPI forecast at -0.3% vs. 0.0% previously.
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