December 4 2013

In the trading room today: Will the GBP Manage to Finish the Year Strong? With the GBP correcting some of its recent gains against the USD and the EUR ahead of tomorrow’s Bank of England meeting and the Chancellor of the Exchequer Autumn Statement, we explore the potential for the sterling to register a strong finish to the current trading year, we analyze the pullback in the GBP/USD currency pair, we continue to monitor the resilience of the EUR vs USD, we keep an eye on the USD/JPY pair, we highlight the market’s reaction to the Bank of Canada interest rate announcement, the U.K. Services PMI, the Euro-zone GDP and Retail Sales, and the U.S. ADP Employment Report, we discuss new forecasts from Bank of New York-Mellon and Commerzbank, and prepare for the trading session ahead.