FXstreet.com (Barcelona) - The Sterling (GBP) traded under 1.4000 briefly on Monday morning after Oil opened $2 lower on OPEC news before a strong rebound in Oil and sentiment dragged cable towards 1.4200.

EUR/GBP also pulled back slightly and may be another source of support going forward if it falls back to 0.9000. Easy Forex Team said: Overall the GBP/USD traded with a low of 1.3946 and a high of 1.4230 before closing the day at 1.4080 in the New York session.