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Forex pairs in this Article » GBP/USD (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec comments that if you have enjoyed a well deserved break over the festive period you may be surprised to see GBP/USD at two and a half year highs this morning.

Key Quotes

“It’s important to note that the 1.6550/1.6600 area was always cited as the forecasted top of the medium term range when we were in the low 1.60’s before Christmas so the next few days could be vital to set the tone for the direction of GBP/USD in the months to come.”

“For now, the pound continues to ride the wave of positive sentiment with the promise of a prosperous 2014 ahead for the UK economy after significant work was done in 2013 to turn the corner.”
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