FXstreet.com (Barcelona) - The Sterling (GBP) attempted to rally as the USD weakened but found it tough as the market only grudgingly buys the pound. The January Trade Balance was slightly worse than expected at -7.7Bn vs. -7.5Bn.

EUR/GBP buying kept the cable under 1.3900. Easy Forex Team said: Overall the GBP/USD traded with a low of 1.3658 and a high of 1.3887 before closing the day at 1.3760 in the New York session.