US Jan Chicago Fed National Activity Index: -0.32 vs 0.25 (Dec)

Feb 25, 2013

Forex Flash: Sterling looks to have broken out of 2009 consolidative pattern - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that Sterling appears to have broken out of the consolidiative pattern that it has traced out since early 2009.

Forex Flash: Gilts find optimism in long-term view – RBS

In the aftermath of the weekend events, Gilts continue to look less attractive, however a weekly inside session on candles suggests a recovery in the long-term. According to Technical Markets Strategist Dmytro Bondar at RBS, “The MACD weekly histogram also shows a positive divergence with the price action. The 114.58 retracement level (50% of the 2012 extremes) proved to be a good support and the range of 114.60-116.60 remains in place with a good chance of recovery towards 117.80 if the latter is broken.”