The Sterling (GBP) tested the downside in sympathy with the Euro for a test of the 1.6000 major Psychological level. Support was found in the US session at 1.5980 and we closed back at the 1.6000 in mixed trade. Sellers looking for a fresh downtrend will be surely frustrated at the lack of progress the pair has been making especially in the last few sessions. Looking ahead, ECB Monthly Bulletin.
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