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GBP up as Bailey To Say Sees Some Light at End of the Tunnel

GBP
MNI (London)
  • GBP/USD edges back toward its recent react high of $1.3254 as traders react to upbeat comments from BOE Governor Bailey in a published speech to be given at 1115GMT.
  • Rate currently trades around $1.3251.
  • Resistance remains at $1.3254, $1.3263(76.4% $1.3312-1.3106.
  • Break above to expose $1.3300 with recent high of $1.3312 close behind.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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