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GBP/USD consolidates above 1.6300

FXstreet.com (Edinburgh) – The GBP/USD is back above the 1.6300 handle on Thursday, extending the recent rally amidst increasing risk appetite amongst investors.

GBP/USD focus on Carney

The next event for the pound today will be Governor M.Carney’s speech in the context of the Financial Stability Report due in the European midday, ahead of the Consumer Confidence tracked by Gfk for the month of November, and due tonight. In the opinion of Strategists at UBS, “Cable is potentially developing a very strong upside break. After having traded sideways in a 1.5852-1.6265 range since mid September. The risk is for a continuation …read more