The Sterling (GBP) the GBP/USD tested 1.5900 but fell back in the US session as EUR/GBP rebounded off the 0.8300 level and is threatening 0.8350 resistance ahead of key CPI data today from the UK. Looking ahead, February CPI forecast at 0.5% vs. -0.5% previously. February March CBI orders forecast at -6 vs. -3 previously.
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