The Euro advanced for the second day to reach a high of 1.3957 during the overnight trade, and the single-currency many continue to retrace the sharp decline from the previous week as the economic docket reinforces an enhanced outlook for future growth.

Talking Points
• Japanese Yen: USDJPY Continues to Hold Below 20-Day SMA (90.98)
• Pound: Construction Weakens at Slowest Pace in Nearly Two-Years
• Euro: Producer Prices Unexpectedly Increase in December...

The British Pound is little changed from the previous day and continued to hold the broad range carried over from the previous, but we may see the GBP/USD face increased volatility going into the North American trade as investors wait for the U.S. advanced 4Q GDP report due out at 13:30 GMT.

Talking Points
• Japanese Yen: Weighed by Risk Appetite
• Pound: BoE Completes Asset Purchases
• Euro: CPI Estimate Falls Short of Expectations
• US Dollar:...

The British Pound advanced against the greenback during the European session, with the exchange rate rising to a high of 1.6875 as the economic docket reinforced an improved outlook for the U.K however, the GBP/USD failed to hold ground as investors scaled back their appetite for risk ahead of the U.S. session.

Talking Points
• Japanese Yen: Strengthens on Risk Aversion
• Pound: Consumer Prices Rise More Than Forecast
• Euro: Trade Surplus Widens, Led...