GBP/USD: Approaching The 100-Day

The Dollar is up strong overnight, with the gains spread across all the majors. Equity markets, however, are down around the world, with the major themes remaining Middle East turmoil, high Crude prices (though prices moderated in weekend trade), and rising interest rates. In terms of data, this week has plenty to offer. Likely the major event of the week will be Fed Chairman Bernanke's testimony to the Senate, which analysts will be watching closely for any new insights to current thinking. Expect a cautious display, given the heavy criticism of his early press statements. Read More....