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Today's All Things Forex Broadcast: Is the GBP a Bull Trap or a Breakout Candidate?

In the broadcast today: Is the GBP a Bull Trap or a Breakout Candidate? Supported by positive housing reports this week, the GBP remains well bid, but is this a sign of an impending breakout higher, or simply a set up to trap the GBP bulls, we analyze the latest developments and price behavior of the GBP against the USD and the EUR, we follow up on the recent weakness of the EUR after today's IMF suggestion for a bank clean-up in the Euro-area and ahead of the Euro-zone HICP and Unemployment report tomorrow, we examine the market's reaction to the Reserve Bank of New Zealand's Interest Rate Announcement, the Japanese Industrial Production, the U.K. Nationwide House Price Index, the Euro-zone Economic Sentiment and the U.S. Jobless Claims, we discuss new forecasts from Goldman Sachs, Credit Suisse and Bank of New York-Mellon, and prepare for a sequence of important economic data in the trading session ahead.

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