The Sterling (GBP) weak Retail sales in February at -0.4% vs. 0.8% forecast put a dampener from the start of the European session with GBP/USD falling sharply under 1.5800. GBP/JPY has fallen from Y133 to Y130 in the last 48 hours. The uptrend is still in place but starting to come under pressure and a break below Y130 would damage prospects.
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