The Sterling (GBP) the GBP/USD rallied but was lagging the EUR/USD as the EUR/GBP basked in the Euro positivity. Resistance was seen near 1.5650 and we are looking to retest last week’s highs above 1.5750 if the rally continues. GBP/JPY buying is supporting the rally. Looking ahead, July UK Halifax HPI forecast at -0.5% vs. -1% previously.
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