The Sterling (GBP) EUR/GBP tried but failed to break on the downside and the GBP/USD moved higher but still under 1.6000 while we wait for further stimulus. The GBP/JPY is getting a lot of attention with some looking to buy below the Y130 level for a potential rally higher. Looking ahead, March PPI Output forecast at 0.2% vs. 0.5% previously m/m.
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