As it was informed by "Market Leader (US)"
GBPUSD: volatility forecast for May 11th 2011
The currency pair is being traded in the price range between 1.6449 and 1.6327 (option barriers). Yesterday the volatility level was slightly below the average. Today’s news events will probably increase the volatility of GBPUSD and will make the price come out of the range.
These are the most significant news releases for today:
GER - CPI final, wholesale price index
GBR - trade balance, BOE inflation report, BOE Gov King speaks
USA - EIA weekly crude and gasoline stocks, federal budget.