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Will there be Further GBP Losses vs. USD and EUR?

by Ilian Yotov More from this expert: Articles Blogs Videos
Posted 2010/03/10 14:14:00, 0 Comments

In the broadcast today: In the aftermath of yet another disappointing economic report from the U.K., we examine the factors keeping the GBP under pressure and explore the potential for further weakness of the GBP against the USD and the EUR, we analyze the latest trend developments with the GBP/USD and EUR/GBP currency pairs, we continue to monitor the range-bound price action of the EUR/USD pair, we focus on this morning's bullish breakout attempt for the USD vs. the JPY, we note the anticipated NZD strengthening ahead of the Reserve Bank of New Zealand interest rate announcement, we highlight the market's reaction to the Japanese CGPI and Machinery Orders, the French Industrial Production, and the U.K. Industrial Production and Manufacturing Output, we discuss new forecasts from Bank of America-Merrill Lynch and UBS, and prepare for the trading session ahead.

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