GBPEUR figures continue to trade around a nine-month high not seen since May last year and there seems to be little signs that this growth is expected to slow. GBPUSD broke into the 1.37 range again yesterday as it has done repeatedly and appears that 1.38 has been set as the new key resistance level that as yet has not been able to be breached. Whilst current levels reside amongst a 2.5 year high, there is still the possibility of sterling reaching new highs. ING bank is predicting that by June we could see another 8 cents gained against the US dollar up to 1.45 and a shocking 1.53 by the end of the year! Their ... (full story)