The Sterling (GBP) enjoyed gains with the Euro but reversed aggressively later in the day falling below 1.6200 at one point. GBP/JPY and EUR/GBP not helping as the Pound underperforms and buyers stay cautious ahead of this week&rsquo s BOE meeting. Overall the GBP/USD traded with a low of 1.6180 and a high of 1.6345 before closing the day at 1.6205 in the New York session.
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