GBP/USD Approaches 2014 High as GBP/AUD Breakout Begins

Talking Points:

- British Pound now top performer on the week.

- Gains building on yesterday's BoE Quarterly Inflation Report.

- GBPUSD nears resistance as GBPAUD breakout takes shape.

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The British Pound's impressive run continues after the breakout last week versus the US Dollar. Pound strength is spreading, and a near-term pause might offer an opportunity to look for further gains.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

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