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GBP/USD closer to 1.6400

FXstreet.com (Edinburgh) – The sterling seems unstoppable, just pushing the GBP/USD to print fresh 2013 highs at 1.6383 on Friday, amidst a context of swelling risk appetite.

GBP/USD remains well bid

The pair now retraced some ground from previous 2013 highs to the 1.6370/65 area, although the buying interest surrounding the GBP remains intact. The strong recovery in the British economy in combination with expectations of a sooner-than-estimated rate hike by the BoE, plus the hawkish tone from this week’s Financial Stability Report would be bolstering the bullish momentum in GBO, leaving the door open for further strength in the upcoming …read more