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GBP/USD bounces off 1.5500

FXstreet.com (Edinburgh) -The sterling found buying interest in the boundaries of the key support at 1.5500 on Thursday, pushing the GBP/USD a little higher to 1.5510/15.

GBP/USD remains above 1.5500

The speech by BoE’s Carney on Wednesday was less dovish than the FX community was expecting, lifting the pair more than a big figure from lows near 1.5420 to session peaks shy of 1.5560, although losing some impetus soon after. Lee Hardman, Currency Analyst at BTMU, commented, “he did not specifically attempt to talk down UK short rates although did warn that developments will be watched closely. If tighter overall monetary …read more