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GBP Recovers Off Lowest Levels of the Session, BoE Speakers the Focus

GBP
  • GBP recovers off the session's lowest levels as the European morning progresses, with GBP/USD's 1.1956 low holding for now. Price action mirrored in EUR/GBP, which reverts off the 0.8892 high to inch back into negative territory.
  • The 100-dma has been tested on several occasions over the past few sessions and while prices have shown below, GBP/USD is yet to close below the mark. That pattern's repeated again Thursday, with the level at 1.1977. Weekly US jobless claims could be the next point of interest for the pair.
  • BoE's decision-maker panel survey due at the bottom of the hour, but more focus rests on the appearances from BoE's Tenreyro and Pill later today (1300GMT, 1500GMT respectively).

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