Following the release of UK CIPS/Markit services PMI at 4.30 am ET Monday, the pound retreated from its early highs against its major rivals. The pound was trading at 1.4117 against the greenback, 155.08 against the yen, 1.3117 against the franc and 0.8833 against the euro around 4:34 am ET.

Grafico Cross Euro vs Yen (FX:EURJPY)

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Grafico Cross Euro vs Yen (FX:EURJPY)

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