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Today's All Things Forex Broadcast: Is the GBP Decline vs. EUR and USD "Exaggerated"?

In the broadcast today: Is the GBP Decline vs. EUR and USD "Exaggerated"? In light of the current bearish trend for the GBP, we cannot help but noticing today's statements from currency strategists at two major financial institutions that the GBP weakness due to "concerns about the U.K. fiscal position and the possibility of the Bank of England further expanding its asset purchases" may be "exaggerated", we ponder upon the validity of these statements and analyze the latest trend developments with the GBP/USD and EUR/GBP currency pairs, we follow up on this morning's newly-registered 2009 high for the EUR/USD currency pair, we examine the recent price behavior of the USD/CAD pair's exchange rate, we highlight the market's reaction to the U.K. Employment report, the Euro-zone Industrial Production, and the U.S. Retail Sales, we discuss new forecasts from Barclays Capital, Commerzbank and Credit Suisse, and prepare for the trading session ahead.     

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