GBP/USD - Thursday 04-19-12
The market remains relatively flat after the Spanish 10 year bond auction. The GBP/USD has shown its strength and is now beginning to come off its highs. We will have to see if this will remain below 1.61 and retrace back down to the 1.59 area or continue higher. Today and tomorrow there is a G20 meeting that could cause some volatility along with earnings. Wait for confirmation and don’t over leverage.