The Sterling (GBP) Fresh trend lows where seen on Cable at 1.5440 before we bounced back to 1.5460 in quiet US session trade. The market is selling the Pound on expectations of further easing from the BOE and comments from Waele over the weekend confirmed this sentiment when stated the GBP had further to fall to balance the UK economy. Looking ahead, February German ZEW Survey forecast at 35 vs. 31.5 previously.
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