The Sterling (GBP) the GBP/USD was contained but very strong just under 1.6200. April CBI Distributive Trades were weaker than expected at -6 vs. -4 previously. The EUR/GBP fell to 0.8150 support after the Spanish downgrade but has not broken through the support. Also ahead, March German Import Prices forecast 0.9% vs. 1.0%.
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