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The British pound and commodity dollars all face high event risk from rate decisions by the Bank of England and Reserve Bank of Australian, along with Canadian employment and business activity reports.

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Short-Term Forex Technical Outlook: GBP/USD (Daily FX)

Submitted by admin on Tuesday, 18 November 2008No Comment

The U.S. dollar remains the currency of choice as investors continue curb their appetite for risk, and a weakening interest rate outlook for the British pound favors a bearish outlook for the GBPUSD.

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Short-Term Forex Technical Outlook: GBP/USD (Daily FX)

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