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Forex Flash: Sterling finding high end of its new lower range - RBS

After the losses accumulated during Q1, the Sterling has been able to recover some decent ground following the upbeat GDP data from last week, in which the UK avoided a triple dip recession.
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Forex: EUR/USD – Will upcoming monetary policy meetings help make the picture clearer?

The EUR/USD traded sharply higher today, closing up 63 pips to finish the day at 1.3092. The upcoming European session will be busy with German Retail Sales, German Unemployment, and Spanish GDP to name a few. The real volatility will most likely pick up later in the week, when both the ECB and Federal Reserve will be holding monetary policy meetings. Finally, we will get Non Farm Payrolls to round out the week in the US
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