Cable elicited support ahead of 1.9460 following its earlier drop through 1.9475 to fresh two-day lows. A UK clearer was a good size buyer from 1.9460 on Wednesday, prior to the publication of a less dovish-than-expected BoE inflation report.
Sell interest at 1.9515 (yesterday's low) kept a lid on GBP/USD after a bout of USD weakness spurred by the 13:30GMT disclosure of January's 14.3% tumble in US housing starts. February's preliminary Michigan Sentiment index will be unveiled at 15:00GMT. Forecast: 96.5.
No comments:
Post a Comment