September 11 2013

In the trading room today: Should We Be Bullish on the GBP vs USD? As the GBP/USD currency pair breaks above the top of a range where the exchange rate has fluctuated throughout the year, we examine the factors fueling the GBP rally and explore the potential for further appreciation of the pound sterling against the greenback, we analyze the bullish breakout in the GBP/USD currency pair, we take a look at the EUR/USD pair, we note the hesitation of the USD vs JPY, we highlight the market’s reaction to the U.K. Jobless Claims and Unemployment Rate, we discuss new forecasts from UBS and Commerzbank, and prepare for the trading session ahead.