On Sterling & Loonie
Gold extends gains courtesy of more QE-friendly minutes from the Bank of England minutes of this months policy meeting. Last week we focused on EURGBP as the preferred path to capitalize on euros improving fortunes resulting from the ECBs liquidity-injecting LTRO and on the Bank of England's embarking on QE3. EURGBP hit a 10-week high. GBP is already the worst performer year-to-date and month-to-date out of a group of G10 currencies, behind USD and JPY. FIND OUT how all of this is tied to the LATEST PREMIUM TRADES.
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