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Look at some Currency news and analysis...
The Sterling (GBP) -rallied to a two week high against the Euro after the Bank of England raised its inflation forecast, prompting traders to pare bets on interest-rate cuts from the UK. The Sterling Pound also traded at week highs versus the dollar as the central bank forecast in its quarterly inflation report on Wednesday that price growth will overshoot its 2 percent goal in two years even as “downside” risks to the economy remain...
GBP/USD-The 4 hour chart is showing a very strong uptrend with increasing momentum. The 1.9650 level was fully breached indicating that the bullish momentum will continue to grow locally. The daily RSI is floating around 50 which indicate that on the longer run we might see the trend reach 1.9850 as a valid target price...
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