FXstreet.com (Edinburgh) -The demand for the sterling remains subdued on Tuesday, with the GBP/USD now hovering over session lows around the key support at 1.5500 the figure.
GBP/USD focus on Carney’s speech
The UK docket lacks relevance this week. However, the speech by Governor M.Carney before the UK Parliament on Wednesday will be scrutinized by market participants amidst the recent adoption of forward guidance in the British economy. “Bearish divergence on the RSI also suggests that turning point is near. We could see a strong move to the downside if 1.5650 and 1.5620 support will give way”, suggested Gregor Horvat, Analyst …read more