The Sterling (GBP) the GBP/USD was not immune to the safe haven flows of USD buying and we saw a move to 1.5850. EUR/GBP has broken 0.8230 and is grinding to 0.8200 taking advantage of the Euro weakness to make a push at the critical level. March PPI came in hot at 4.1% vs. 3.6% forecast y/y. Looking ahead, February Trade Balance forecast at 18bn vs. 20.2bn previously.
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