The feeling around the pound remains flat after the BoE has increased by £50 billion its asset purchase programme last week, taking it to £375 billion. Lack of domestic data on Monday will shift pound traders’ attention to any event out of the euro zone.
BoE Deputy Governor P.Tucker will give a speech regarding the Libor scandal involving Barclays, with chances of adding the cable some unexpected volatility.
GBP/USD is now up 0.06% at 1.5488 with the next hurdle at 1.5500 followed by 1.5598 then 1.5601 and 1.5623
On the downside, a breakdown of 1.5454 would bring 1.5435 then 1.5404 and 1.5375