The Sterling (GBP) the GBP/USD consolidated the move above 1.6000 and this is good technically for the bulls hoping to push higher still. A close this week above the level will help the GBP/USD rally toward 1.6200 in the short term. Looking ahead, April German Business IFO forecast at 109.5 vs. 109.8 previously. Also ahead, UK March Retail Sales forecast at 0.5% vs. -0.8% m/m.
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