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GBP/USD slips to session lows as UK budget draws closer
It is less than two hours before the UK budget will impact the markets. The FTSE 100 has bounced back above 8,200 and just at this moment it is actually the best performing major European index in relative terms on the day. That is also because the CAC and the DAX have continued to leak lower, despite the better than forecast Eurozone GDP data. The Pound is not faring so well just now though. The currency has weakened further versus the Euro and the dollar. The GBP/USD has fallen back from an earlier session high above 1.3025 and slipped right now to below 1.2975. This might all change by the end of the day, but right now it looks like Sterling sellers are not waiting around to be disappointed
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