All Things Forex Trading Room: Can the GBP Continue its Rally vs USD?

In the trading room today: Can the GBP Continue its Rally vs USD? Ahead of tomorrow’s UK Industrial Production report and the Bank of England monetary policy announcement, we focus on the GBP and explore how these important events could impact the future direction of the pound sterling, we analyze the recently established weekly range in the GBP/USD currency pair, we note the resilience of the EUR vs. USD, we keep an eye on the USD/JPY currency pair, we take a look at the AUD and NZD ahead of the labor market reports from “down under”, we highlight the market’s reaction to the news of intervention by the Reserve Bank of New Zealand, the Chinese Trade Balance, the Swiss CPI, and the German Industrial Production, we discuss new forecasts from Bank of New York-Mellon and Credit Suisse, and prepare for the trading session ahead.

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