Currency traders catch up to the US economic strength

A big night if you were long Sterling as the weak CPI and PPI data (see below) hit longs right between the eyes taking GBP down more than 100 points from the highs. On the dailies you might be able to argue that GBP’s sell off is a little overdone even though it has just had a range break. But on…

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Currency traders catch up to the US economic strength – Sterling tanks

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