The British pound sterling (Currency:GBP) has started Wednesday off in good fashion, however the strong start to today's trade could be tested at 11 AM London time when The CBI Industrial Trends data is released. Otherwise, Eurozone PMI data will come under scrutiny as will US housing data later on in the day.

August 28,2013

For GBP, grabbing attention on the fundamental front today is housing finance data from the BBA. However, in the absence of any other major data events we will continue to focus heavily on technical viewpoints regarding GBP as this will be the same approach deployed by those trading the UK currency.

Highlights:

@9:30: Mortgage data below expectations
@10:44: Royal baby boost for GBP??

July 24,2013

There is no domestic data due out of the UK economy on Monday so direction in the British pound will be derived largely from technical considerations and moves in the all-important US dollar and Euro.

August 28,2013

Analysts are forecasting the US dollar to register gains against a host of G10 majors for the remainder of this year.

July 19,2013