Currency...

Euro up, Pound down. The ECB kept rates flat, while hinting that they would raise again this quarter, reports Bloomberg. Meanwhile Germany's economy is growing by leaps and bounds. The new economies of Eastern Europe are injecting new life into Europe. The Euro fell half a cent to under $1.29 at $1.2890. The weekend after Thanksgiving, everyone was yelling about the Euro and now it's down from its high of 1.34.

Across the channel, inflation is over 3%, and the Bank of England raised rates, suprising 52 out of 52 analysts. See Bloomberg again. The Pound is up over 1.3 cents to $1.9447.

One more thing: a five cent swing doesn't sound like much, but it's a huge swing in the Forex market, where 100-1 leverage is common. It's more important to predict and take advantage of the six week 4% swing than to predict a one year, 10% swing.
I don't understand anyone being proud of such predictions. In the stock market, for example, people will say "invest for the long term." I see an investment as a failure if it loses 20% in six months even if it's up 100% five years later.