GBP/USD flattish below 1.5100, UK data eyed

GBP/USD bounced-off lows and defends mild gains in the European morning as the greenback eased from its fresh multi-year peak. While traders now focus on the crucial UK manufacturing sector data due later in the session.
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EUR/USD might weaken to 0.85 by 2017 – DB

Strategists at Deutsche Bank explain that for Eurozone’s current account surplus to be sustainable it needs a large amount of outflows, which would lead to EUR/USD weakening to parity by 2015-end and down to 85 cents by 2017.
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