The British Pound extended the rally from the previous week and crossed back above the 20-Day SMA (1.5058) during the European trade to reach a high of1.5078, and the GBP/USD may continue to pare the decline from earlier this month as policy makers hold an improved outlook for the economy.

Talking Points
• Japanese Yen: Weighed by Risk Appetite
• Pound: 4Q GDP Tops Initial Forecast
• Euro: German Import Prices Expand at Faster Pace
• U.S. Dollar:...