The Sterling (GBP) GBP/USD broke above 1.6200 as the strength continued but were not matching the gains of the EUR/USD so the EUR/GBP hit new rally highs above 0.8100. Ongoing ‘risk on’ trade is likely to see the GBP/USD push even higher. Looking ahead, EU Current account forecast at 10.9bn vs. 12.7bn previously.
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