The Sterling is testing levels above 1.60 but still seems weak against the Dollar. It was the third day that the pound cannot find new direction and trading in a tight range of 1.592 to 1.602. If the Pound will not break the 1.59 zone soon, an upside move to the 1.628 level can be seen. Overall, GBP/USD traded with a low of 1.5926 and a high of 1.6013. No major economic data is expected today.
GBP/USD - Last: 1.6000
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