EUR/GBP Weekly Outlook
EUR/GBP edged lower to 0.8843 last week but drew support from short term trend line support and rebounded. A short term bottom might be formed already and initial bias will be neutral this week. Another rise could be seen to 0.9127 resistance or above. But upside is expected to be…

A Broad GBPUSD Range Meets The Promise Of Volatility Next Week
After a brief shock to market-wide risk trends, many of the currency market s most liquid pairs have pulled back to close out the week. For GBPUSD, however,… EUR/GBP Weekly Outlook EUR/GBP edged lower to 0.8843 last week (Forex)
strategist@dailyfx.com (John Kicklighter, Currency Strategist)

ECB trims Refi Rate by 50 bp to 2%
FXstreet.com (Barcelona) The European Central Bank Monetary Policy Committee has decided to cut its key interest rate by 50 basis points to 2% after its first 2009 monetary policy meeting.

The European Central Bank, as usual did not give any further explanation, the focus is on the press conference Mr. Trichet will hold later at 12.30 GMT.

FXstreet.com

Canadian sold Foreign Securities by $2.613B in Nov
FXstreet.com (Barcelona) For more information, read our latest forex news.
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