All Things Forex Trading Room: Can the GBP Strengthen Further vs USD?

In the trading room today: Can the GBP Strengthen Further vs USD? As the trading week gets underway with upbeat economic data from the UK, we focus on the GBP as the currency to watch in the days ahead and explore the factors that could fuel further gains for the pound sterling against the USD and other currency majors, we list the Top 10 economic events that will move the markets in the week ahead, we examine the consensus forecasts for the upcoming economic data, we analyze the latest trend developments in the GBP/USD currency pair, we keep an eye on the EUR/USD pair, we note the weakening of the USD vs JPY, we highlight the market’s reaction to the UK and the Euro-zone Services PMI, and the Euro-zone Retail Sales, we discuss new forecasts from Royal Bank of Scotland and UBS, and prepare for the trading session ahead.

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