The Sterling (GBP) GBP/USD found support under 1.5600 and surged on GBP/JPY buying and EUR/GBP selling in the US session. The outlook is negative as major supports have been broken and the rallies have been sold into lately. Only a move above 1.5800 would stem the negativity towards Cable in the medium term. Looking ahead, BOE Governor King speaks and BOE Inflation Report released.
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