Tonight will be very interesting for the early risers.
At 4:00 AM EST the UK will announce whether the five tests for GB connverting to the Euro have been met.
Everything I've read on the subject indicates that they have not.
Consequently it does not appear the Britain will be switching to the Euro any time soon.
This would be a good time to short EUR/GBP or go Long on GBP/
USD.
At 4:30 AM EST...UK May PPI figures are to be released.
Indications are that there are modest gains.
This will only add to the GBP value.
More tomorrow morning..
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