The Sterling (GBP) fresh selling emerged overnight with GBP/USD breaking below 1.5800 even as it’s neighbor in the EUR/USD rallied in the US session. The EUR/GBP cross highlighted the different direction hitting a multimonth high above 0.8450. GBP/JPY was able to rally to Y143 but is the weakest. Looking ahead, Preliminary Q4 GDP forecast at -0.1% vs. 0.9% previously.
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