Forex: GBP/USD falls from 1.6200 (Barcelona) - A wave of risk-off sentiment is erasing part of the GBP/USD gains of the day, having peaked at 1.6206 high.

The pair has fallen off to 1.6165 session low and is now trading around 1.6175.

BoE’s Weale stated that chances of an extension of the asset purchase program in the UK are higher after yesterday’s GDP data. However, inflation reports must be taken in account. analysts point to resistances at 1.6210, 1.6240 and 1.6300. On the downside, supports might act at 1.6155, 1.6080 and 1.6015.

CPI report in Germany and jobs report in the US are due at 12:30 GMT.