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GBP/USD consolidates below 1.5600

FXstreet.com (Edinburgh) -The sterling continues to correct lower after last week’s highs beyond 1.5700 the figure, with the GBP/USD now hovering around 1.5570/75 on Monday.

GBP/USD focus on Carney

Almost empty docket for the pound this week, with the biggest event being Governor M.Carney’s speech before the UK Parliament on Wednesday, enough to grab traders’ attention in light of the recent GBP upside. “Pound formed the first descending impulse, but wasn’t able to correct it. Right now, the market is inside a narrow consolidation channel and may leave it downwards to continue falling down. We think, today the price may reach …read more