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In the broadcast today: The GBP- Up, Up and Away or Too Fast, Too Soon? We analyze last week's bullish breakout of the GBP/USD pair extending further in the trading session today and cautiously examine some underlying fundamental factors that may serve as the catalysts that could put the breaks (at least temporarily) on the market rally and the risk taking euphoria, we follow up on the current EUR/USD bullish breakout, we analyze the market's reaction to the Chinese, the U.K. and the Euro-zone PMI, the better-than-expected earnings from U.K. banks and the U.S. ISM Manufacturing Index, we discuss new forecasts from Bank of New York-Mellon and UBS, and prepare for the trading session ahead.
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