FXstreet.com (Barcelona) - Euro and Pound have traded higher on a thinned European session with most European markets closed for holiday while the Yen has dipped further against the Dollar.

GBP/USD has been the biggest mover of the Session, the Sterling has soared about 150 pips to reach an intra-day high at 1.4935, right below yesterday's high at 1.4950. The Pound trades now somewhatt lower, right at 1.4900.

EUR/USD has risen from levels at 1.3220 to reach an intra-day high at 1.3330, although the pair has failed to remain above 1.3300 and has eased to levels around 1.3280 at the time of writing.

USD/JPY rally from 98.50 intra-day low has reached a fresh two-week high at 99.60 to pull back to levels around 99.40 at the time of writing.

On the macroeconiomic front, UK PMI has risen to 42.9 in April from 39.5 in March, above market expectations of a reading around 40.5. At the same time, UK net consumer lending has been released to have hit its lowest level on record in March, totalling GBP0.9 billion, from 1.5 billion in Feb

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