Forex: GBP/USD eyes 1.5970 as risk intensifies (Barcelona) - The sterling is following the increasing risk trends, hovering over 1.5970 ahead of the opening bell in London.
After dipping to the boundaries of 1.5880 in yesterday’s session, the improvement in risk sentiment has pushed the pound to levels just shy of 1.5970 at the beginning of the Asian session, retracing some pips as of writing.

Very light docket in the UK on Thursday, as the CBI Industrial Trends Survey is only due, preceding a speech by MPC member Weale.

The cross is up 0.07% at 1.5964 facing the next resistance at 1.5980 (MA21d) ahead of 1.6020 (high Nov.9) and 1.6043 (high Nov.7).
On the downside, a penetration of 1.5854 (MA200d) would bring 1.5828 (low Nov.15) and 1.5826 (low Sep.5).