The Sterling (GBP) ignored a lot of the EUR/USD selling as the cross broke 0.8000 but the topside was limited while stocks are so weak. The recent Pound rally has surprised some fundamental analysts but the UK is looking the best of the worst lately with its tough budgets and AAA rating. Looking ahead, Q1 German GDP forecast at 0.8% vs. 1.5% previously. March UK Trade Balance forecast at -8.4bn vs. -8.7bn previously.
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