FXstreet.com (Barcelona) - The Sterling (GBP) had a mixed day with the pair struggling to keep up with the gains of other currencies such as the Euro and AUD. Cable struggled to maintain 1.4500 and fell back to support at 1.4400.

Easy Forex Team said: GBP/JPY did maintain its recent rally though. February CBI distributive trades were much better than forecast at -25 vs. -47 previously.

Overall the GBP/USD traded with a low of 1.4377 and a high of 1.4577 before closing the day at 1.4520 in the New York session.