GBP/USD is trading at 1.5601, up 0.0047. The pair has traded mostly higher on Wednesday ahead of June U.K. retail sales data scheduled for release by the office of National Statistics at 4:30 AM ET on Thursday. Trading has been range-bound during the U.S. forex trading session and some early gains have eroded. Market chatter about sellers near 1.5690 and buyers near 1.5522 is making the rounds.
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