The Sterling (GBP) once again bounce off the 1.400 level as USD was at maximum strength in Asia before rebounding sharply to 1.4200 on GBP/JPY buying.

Overall the GBP/USD traded with a low of 1.3987 and a high of 1.4198 before closing the day at 1.4140 in the New York session, said Easy Forex Team.