The start of 2015 looks very familiar to the end of 2014 for many markets around the world as the USD continues to dominate the spectrum and commodity prices fall even further. Or as my colleague Matt Weller so poetically stated already this morning, “New Year, Same Result.” While the EUR/USD is grabbing a lot of the headlines this morning for reaching a 4.5 year low on the back of comments from European Central Bank President Mario Draghi, the GBP/USD is suffering even more greatly, falling over 200 pips since the high set on the last day of 2014. While I mentioned earlier this week that the 1.56 level might be a ... (full story)