The Sterling (GBP) BOE Rate held at 0.5% as expected and the market quickly looked to the other factors such as the stock market plunge and Euro weakness to guide the Pound lower. Overall the GBP/USD traded with a low of 1.6037 and a high of 1.6216 before closing the day at 1.6070 in the New York session. Looking ahead, February PPI forecast at +1.5% vs. +1.7%.
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