FXStreet – The higher demand for the greenback was the currency pair GBP/USD in the area of daily lows at 1,2940/30 crash.
GBP/USD focus on FOMC
The Cable extended its correction in the current week and tested last-the area around 1,2930. Thus, the currency quoted is already more than a Cent below the previous week’s highs.
In the UK, no were today values economic call published data, which could have been price movement can result, so that the main focus of the market is likely to be actors on the disclosure of the FOMC meeting minutes. Experts expect that the Committee struck a generally optimistic tone.
For additional interest in discussions about a possible date for the reduction in the size of the balance sheet total is likely to encounter.
Speculative financial investors have, however, their net Short positions on the GBP in the week to 16. May be reduced, informed the CFTC last Friday.
GBP/USD significant levels
Most recently, the Couple listed on 1,2942 and to 0.13 per cent in the Minus. The next backups because in 1,2889 (Tief 18. May), 1,2842 (Deep 12. May) and 1,2829 (Deep 04. May). Resistors, on the other hand, 1,3036 (Hoh 23. May), 1,3051 (High 18. May 2017) and 1,3125 (High of 22. To find September 2016).
** FXStreet News Editorial, FXStreet**