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GBP/USD retains supporting zone 1.6140

FXstreet.com (London) – GBP/USD attempted the upside overnight with a pop at the 1.62 handle but failed when heavy supply took the pair back to the supporting zone 1.6140.

Strategists at TD Securities noted that the BoE‘s Carney, Bean, and Dale are testifying before the Treasury Committee. “However, there has been little new in terms of monetary policy with the tone similar to that of the Inflation Report press conference a couple of weeks ago. In fact, much of the new news have has surrounded financial policy rather than monetary policy following the release of public letters sent between …read more