The Sterling (GBP) the resilient pound brushed off the risk aversion and is looking to rally and test 1.6000 today. UK data has been mixed with FEB mortgage approvals dropping to 49k vs. 57.9k previously. Crosses though remain supportive with EUR/GBP back under 0.8350. Looking ahead, German Retail Sales forecast at 1.2% vs. -1.6% previously.
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