The Sterling (GBP) is under heavy selling pressure lately as trader’s price in more easing form the BOE in 2013. The BOE meet tonight and are unlikely to move on rates or the size of their Asset purchase program at this meeting. Support was found at 1.6000 overnight but the rebound has been weak so far. Looking ahead, ECB Rate meeting forecast to hold at 0.75%. BOE Rate meeting forecast to hold at 0.5%.
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