Sterling was an underpeformer following much weaker than expected UK services PMI data, the AUD rallied on above-forecasts Australian GDP, while EUR-USD settled moderately lower, despite solid Eurozone data. EUR-USD traded to the lower 1.11s after an early-London run toward 1.1200 stalled at 1.1189, which was five pips shy of yesterday's peak. Focus remains on the Greek bailout negotiations, which have the feeling of coming to a head.
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