FXstreet.com (Barcelona) - The sterling is trading in the lower end of today’s range so far, below the 1.5640 level ahead of the BoE minutes and the unemployment rate in the UK. Market consensus expects the jobless rate to remain unchanged at 8.2%.
The pound has followed its European counterpart in yesterday’s session, printing lows around the 1.5550 region during Bernanke’s testimony, just to climb afterwards to levels shy of 1.5670 on better risk sentiment.
GBP/USD is now losing 0.11% at 1.5636 with the next support lying at 1.5537 ahead of 1.5518 then 1.5431 and 1.5414
On the upside, a breakout of 1.5690 would expose 1.5693 then 1.5713 and 1.5722
The pound has followed its European counterpart in yesterday’s session, printing lows around the 1.5550 region during Bernanke’s testimony, just to climb afterwards to levels shy of 1.5670 on better risk sentiment.
GBP/USD is now losing 0.11% at 1.5636 with the next support lying at 1.5537 ahead of 1.5518 then 1.5431 and 1.5414
On the upside, a breakout of 1.5690 would expose 1.5693 then 1.5713 and 1.5722
