The Sterling (GBP) the GBP/USD was whippy hitting 1.5800 after better than expected services PMI in January at 51.5 vs. 49.5 previously back into expansionary territory. Fresh selling emerged at the highs and accelerated lower to fresh trend lows as EUR/GBP buying undermined the Pound once again. Looking ahead, January Halifax HPI forecast at -0.2% vs. 1.3% m/m. Also December German Factory Orders at 0.8% vs. -1.8% previously.
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