FXstreet.com (Córdoba) - The cable remains under pressure on Wednesday, having recently broken below the 1.5600 mark, weighed by weak UK and mixed US data ahead of key policy decisions from major central banks.
GBP/USD extended losses during the New York session and recently hit its lowest level in nearly a week at 1.5589 before bouncing slightly. At time of writing, the pair is trading at the 1.5595 zone, recording a 0.5% decline on the day.
In terms of technical levels, immediate supports are seen at 1.5580, 1.5550 and 1.5500, while resistances could be found at 1.5610, 1.5660 and 1.5700.
Market focus now turns to Fed monetary policy decision due for release at 18:15GMT.
GBP/USD extended losses during the New York session and recently hit its lowest level in nearly a week at 1.5589 before bouncing slightly. At time of writing, the pair is trading at the 1.5595 zone, recording a 0.5% decline on the day.
In terms of technical levels, immediate supports are seen at 1.5580, 1.5550 and 1.5500, while resistances could be found at 1.5610, 1.5660 and 1.5700.
Market focus now turns to Fed monetary policy decision due for release at 18:15GMT.
