Forex | Forex | Forex Market Technical and Fundamental Recap (01/07/2009 12:07:22)

Forex Market Technical and Fundamental Recap

Today's Forex Analysis summary.   The GBP USD surged to the upside overnight despite news that the U.K. economy shrank more than previously forecast.  The U.K. Gross Domestic Product report showed that during the first quarter the economy suffered its biggest contraction since 1958.  Weakness was seen across the board in the economy as everything from construction to services showed some sort of weakness.   The three-month long rise in the British Pound has defied most


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