• Dovish talk from UK central bank governor seemingly pushed further the timing of a U.K. rate hike. The news hit sterling and knocked it below $1.49 to its lowest level since June 2010. UK inflation remains too low and it now appears optimistic that Britain would boost interest rates early next year
  
  
• A more dovish outlook for central bank policy has added to the increasing headwinds on the pound. Other headwinds include the euro's collapse against the greenback to which the pound has suffered in sympathy, and uncertainty ahead of Britain's early May election that's considered too close to call. 
  
  
• Wednesday (March 18) Britain releases central bank minutes and crucial employment data come due. Meanwhile, later that day the Fed is due to render its next policy announcement.