The Sterling (GBP) outperformed the rest of the market as the heavily beaten down GBP found support on the crosses helping to limit losses against the USD and Yen. EUR/GBP reversed sharply towards 0.8700 and GBP/AUD grinded above 1.5200. Overall the GBP/USD traded with a low of 1.6165 and a high of 1.6303 before closing the day at 1.6250 in the New York session.
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