The Sterling (GBP) GBP/USD had a stellar day and was the strongest pair in the market after the BOE Governor King argued against cutting interest rates surprising the bears. Resistance was found just under 1.5700 and we are still under the level in Asia but well supported and looking to retest. Looking ahead, June Trade Balance forecast at -8.63bn vs. -8.36bn previously. Also ahead, ECB Monthly Bulletin.
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