November 20 2013

In the trading room today: Is the GBP Ready for New 2013 Highs vs USD? In the aftermath of the Bank of England’s meeting minutes release, we take a close look at the renewed bullish momentum of the GBP and explore the potential for continuation of the sterling’s rally that could lead to new highs for the year against the greenback, we analyze the test of an important resistance level for the GBP/USD currency pair, we continue to monitor the resilience of the EUR vs USD, we note the pullback in the USD/JPY pair, we highlight the market’s reaction to the Japanese Trade Balance, the Bank of England Meeting Minutes, the U.S. Retail Sales and Existing Home Sales, we discuss new forecasts from Citigroup and UBS, and prepare for the trading session ahead.