The Sterling (GBP) GBP/USD grinded back above 1.5900 and is showing strength on GBP/JPY and EUR/GBP. The outlook is mixed with a EUR/USD slump likely to drag the GBP/USD lower while the upside is linked to risk appetite and the US/global recovery.Looking ahead, February Trade balance forecast at 13.6bn vs. 14.2bn previously.
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