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Forex in 60 Seconds - GBP/USD Surges as Inflation Accelerates, US Dollar May Be In For Additional Losses
Monday, 12 May 2008 21:16:51 GMT  |  Terri Belkas, Currency Analyst
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 ·          Strong than expected UK PPI leads GBP/USD higher, sets stage for hot UK CPI figures on Tuesday.
 ·          The US dollar faces heavy event risk on US Advance Retail Sales - will gas prices inflate this index once again?

Stories to watch on DailyFX

·          What will move the markets this week? Find out the Top 5 Most Important Events. Next up: US Advance Retail Sales
·          What does the most recent COT index tell us about positioning in the forex markets? What does this mean for the Euro and British pound?

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