Whatever
lows Euro had made earlier in the week was completely wiped out as Euro traded
to a high of 1.3745 last night following lower US treasury yields and some what
safe comments by Fed Chairman Bernanke over the continuation of its bond buying
program.
In terms of data, we have a big day with the BOE rate
decision, so expect some big movements on the cable if we hear any surprises.
After a pretty dull data week so far, we may seem some
action tonight!
Data today
UK
Industrial production – 9.30am GMT
UK
Manufacturing production – 9.30am GMT
US Monthly
budget statement – 7pm GMT
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