IN THE UK

·         Sterling hits 9 month low vs. dollar

·         UK Retail sales figures come in at the worst level in 18 months

·         GBP/EUR drops below 1.1370

IN THE US

·         Dollar rises broadly on Fed discount rate rise

·         Crude oil slips due to Fed rate hike

IN THE EU

·         EUR/USD drops down from 1.3530

·         Euro-zone output grows at a steady pace in Feb

·         Survey in Holland suggests majority want Greece out of Europe due to debt problem

·         Euro zone lines up €22bn Greek bailout package

At 9.00am this morning the pound was at $1.5467, €1.1373, 11.8490 ZAR, 141.689 JPY, 1.6074 CAD, 1.6639 CHF 11.18 SEK and AU$1.7212. The euro was at $1.3595 against the US dollar.

Today’s key levels of support and resistance are:

GBPUSD          Support: 1.5362 1.5251 1.5158                Resistance: 1.5566 1.5659 1.5770

GBPEUR           Support: 1.1323 1.1281 1.1201                Resistance: 1.1445 1.1525 1.1567

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