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GBP/USD inching higher, eyes 1.6200

FXstreet.com (Edinburgh) – The bullish momentum in the sterling is now gathering steam, lifting the GBP/USD to the vicinity of 1.6200 the figure on Tuesday.

GBP/USD attention on the Inflation Report Hearings

The risk appetite is reining in the markets in the European morning, allowing the pair to break above the recent attempt of consolidation between 1.6040 and 1.6060. In today’s main event for the pound, BoE’s Carney, Bean and Dale will testify before the Treasury Committee on the last Quarterly Inflation Report, although consensus almost ruled out a different tone from the last report. “We expect the BoE to repeat …read more