The Sterling (GBP) held onto the 1.6100 level but was unable to move higher with the Negative US data and subdued trading on Friday. EUR/GBP is under 0.8800 and could fall further with much of the Pound weakness already priced in and Euro issues still unfolding. Overall the GBP/USD traded with a low of 1.6075 and a high of 1.6174 before closing the day at 1.6130 in the New York session.
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