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GBP/USD warming up for 1.6380?

FXstreet.com (Edinburgh) – The sterling keeps pushing higher on Thursday, lifting the GBP/USD to the proximities of 1.6350 and closer to ytd peaks around 1.6380.

GBP/USD in 4-month highs

The GBP rally is nothing less than impressive, closing with gains every week of November and extending the advance from July troughs around the 1.4800 handle. The strong recovery in the UK economy and market expectations of a sooner-than-expected rate hike by the BoE have been fuelling the upside. In light of today’s Financial Stability Report and Governor Carney’s speech, Analyst James Knightley at ING commented, “While we suspect that the Bank …read more