US Chicago Purchasing Managers' Index came in at 55.9 disappointing forecasts (58.5) in March

FXStreet.com (Barcelona)

Mar 31, 2014

GBP/USD rejected by 1.6655; falls to test daily lows

The Sterling was rejected by the 1.6655 area against the US Dollar and now it is trading around 1.6620, just across the 55-hour MA level.

EMEA EM Express: Turkey PM consolidates rule after local election victory

Turkish local elections, held over the weekend, resulted in a victory for PM Recep Tayyip Erdogan, whose ruling Justice and Development Party, or AKP, scooped 45% of the votes.