The German governments’ independent panel of economic advisers sees German growth slowing to a standstill next year. The 5-member panel, in its annual report, predicts zero growth in 2009 following 1.7% growth in 2008. They also caution that the 2009 forecast comes with “a particularly high degree of uncertainty, with downward risks prevailing.” More ECB rate cuts to come and soon. Meanwhile EUR/USD continues to slide, presently down at 1.2515. Cable is also seeing accelerated losses, presently down at 1.5220.