The Sterling (GBP) tracked the EUR/USD higher back above 1.5500 to 1.5530 resistances. Last week’s BOE moves have been priced in but there are still some downside risks. EUR/GBP targets 0.7900 but could bounce if the market changes mood on the EUR/USD. Also ahead, May Industrial Output forecast at -0.2% vs. 0%. May Trade Balance forecast at -9bn vs. -10.1bn previously.
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