we're coming up to a crucial meeting for the bank of england just a few weeks ago, before mr. carney's comments in washington, the expectation is they would have to go ahead and hike in may. it seems some of those expectation also have to be pared back because of this weak data for q1. pulling up a chart of sterling, the currency is reacting to this about 0.6% weaker. cable has been struggling the last couple of days, irrespective because of that strength in the greenback. we seem to have broken to key levels here. a few people wointing to 1.3-- pointing to 1.3869 that is the story for the uk this morning not so pretty. let's look at how other foreign exchange markets are doing this morning as well.