EUR/GBP DECLINES ON TALK OF APRIL RATE CUT

• EUR/GBP weakens after several ECB officials talk up the possibility of an early rate cut. 
• Francois Villeroy de Galua and Joachim Nagel talk of spring rate cut, putting April back on the table. 
• The technical outlook turns more bearish as price sinks back down towards February’s lows. 

The Euro (EUR) is sinking, trading in the 0.8510s against the Pound Sterling (GBP) on Friday, after two leading members of the European Central Bank's (ECB) Governing Council (GC) voiced approval for a spring rate cut. 

Their dovish views clash with the more cautious stance of the ECB President Christine Lagarde, who said on Thursday, that June would be the next key date for reviewing policy on interest rates.