The Sterling (GBP) the GBP/USD broke 1.6000 in a bullish move going into European trade on Friday but failed to hold the level into the weekend as profit taking and USD strength dragged the major lower. GBP/JPY stuck between Y130 and Y133 and looking to break above higher if stocks continue to rally. Looking ahead, March EU PMI forecast at 48.1 and UK PMI forecast at 50.7 vs. 51.2 previously.
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