FXstreet.com (Barcelona) - The Sterling (GBP) initially reacted negatively to news that the UK government would be increasing its stake in RBS to 84%, Easy Forex Team said.

The large GBP/JPY rally help the pair rebound above 1.43. Nationwide House Prices fell -1.8% in February.

Overall the GBP/USD traded with a low of 1.4164 and a high of 1.4383 before closing the day at 1.4320 in the New York session. UPDATE GFK Consumer Confidence improved to -35 vs. -39 forecast.