The Sterling (GBP) traded in a tight range with support found at 1.6030 before testing 1.6100 later in the US session. We closed roughly unchanged at 1.6060 and we have a mixed outlook with the BOE recently being quote dovish and with Fitch last night warning of the AAA rating we may be store for some USD strength. Looking ahead, EU December CPI forecast at 2.2 vs. 2.2 previously y/y.
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