The Sterling (GBP) the GBP/USD was not immune to the risk off trade falling back under the 1.6100 handle with the EUR/GBP failing to break 0.8000 and the market playing catch up by selling on the risk sensitive Cable. GBP/JPY is struggling and could break down lower as it moves towards Y128. Looking ahead, March EU Industrial Production forecast at 0.4% vs. 0.5% previously.
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