Sterling closing at 1.4780

The Sterling (GBP) was able to overextend gains on the back of GFK consumer confidence jumping to -27 vs. -29 previously. Nationwide HPI was at -0.4% vs. -1.2% previously.

“Overall the GBP/USD traded with a low of 1.4705 and a high of 1.4946 before closing the day at 1.4780 in the New York session.”