The Sterling (GBP) fell in the sympathy with the Euro but earlier had hit multi month highs above 1.6250 on the back of strong January PMI Services at 54.5 vs. 49.7 previously. EUR/GBP is now below 0.8500 and threatening to break lower. Overall the GBP/USD traded with a low of 1.6120 and a high of 1.6281 before closing the day at 1.6140 in the New York session.
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