Looks Like the EUR/GBP is pushing GBP/USD around and that's the reason for GBP/USD (cable ) being down so much but EUR/USD is basically at the same levels as yesterday See how the CROSSES have such significance on the the major currencies EUR/GBP rallied UP from.06630 level to .6730 level GBP/USD Sold off from 1.8200 Levels to 1.8000 level EUR/USD stayed at the yesterday's 1.2100 level , even tested 1.2200 DON'T Forget the IFO number comming out 03.26.04
26/03/2004 09:00 Germany March IFO Business Climate 95.7 96.4 26/03/2004 09:00 Germany Mar IFO Expectations 99.0 100.4