The Sterling (GBP) resistance was seen above 1.5900 and a larger pullback was seen with US stocks than with the Euro as the Pound is a more risk sensitive currency. Support was found under 1.5850 and the GBP/USD been very quiet so far in Asian trade Friday with uncertainty evident as for its next direction. Looking ahead, Q2 GDP forecast at -0.5% vs. -0.7% previously.
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