Tag Archives: GBP/USD

GBP/USD near term forecasts for CY2011

The GBP/USD currency pair has correlated almost exactly with the trending behavior of its rival, the “EUR/USD”, over the past twelve months. Although the United Kingdom is independent from Europe, its banks still have many European bond securities on their respective balance sheets and export trade relationships are also entwined enough to provide additional linkage in the Pound’s tendencies versus the Euro. Favorable economic data has buoyed the Pound of late, and data releases to come may reinforce the current positive moves.

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