US Session – Euro extends gains while pound rallies ahead of BOE
Posted on May 8, 2013 at 7:27 pm GMTThe euro rallied on the better-than-expected German industrial production data, which comes just a day after strong German factory orders data. Industrial output recorded the biggest jump in 12 months and rose 1.2 percent in March despite expectations for a 0.1 percent decline. EURUSD extended gains in the US session and hit a high of $1.3193, currently at $1.3155, up 0.5 percent on the day. Euro however remains vulnerable amid expectations over another rate cut by the European Central Bank [..]