Yesterday was a day of consolidation for the pair and in the last few hours the market decided to exit the short trendit had since September 10th, meeting the resistance at 1.601 dollars per pound. The price formed a support at 1.599 to gather a large upwards thrust and go to 1.6117 dollars per pound. Today, the sterling already broke 1.605, which was the first important level for today.The reason behind this large movement can be traced to the positive speculations about the interest rates and asset purchase funds in the UK. These data will be known at 13:45 (CET).