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Forex pairs in this Article » GBP/USD (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that GBP/USD is faring better than the euro, but it too appears to be carving out a top.

Key Quotes

“Remember it has rallied from near $1.48 six-months ago to almost $1.6670 on January 24. It probably requires a break of the $1.6240-$1.6300 area to get the bulls to capitulate.”

“With suspicions that the UK will have to raise rates sooner than the BOE anticipates, other currencies may offer a more efficient way to express dollar bullish sentiment.”
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