Forex Video | News Trade Alert | May 21, 2008
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Tomorrow brings the results of the German Ifo Business Survey for May during the European session. Although last month’s surprise decline in Ifo’s Business Climate Index ultimately accelerated the drop in the EUR/USD from its all-time high near 1.60, it wasn’t the first time that the Ifo report has sparked a big move in the euro. Just 30 minutes after the Ifo news, the release of the minutes from the latest meeting of the Bank of England’s Monetary Policy Committee (MPC) presents market-moving potential for the British Pound.