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GBP/USD backs off 1.5590

FXstreet.com (Edinburgh) -After climbing to session highs around 1.5590, the GBP/USD has now eased some pips, trading around 1.5580/75.

GBP/USD capped around 1.5700/20

The recent bull run beyond 1.5700 the figure faltered around 1.5720, or 2-month highs, retreating soon afterwards to the current area below the key levels at 1.5600. The UK docket for the present week is barely interesting, although Carney’s speech before the UK Parliament on Wednesday would be in the limelight. Axel Rudolph, Senior Technical Analyst at Commerzbank, commented, “Another interim top is now likely to be in place. For this to be confirmed it will have to …read more