GBP/USD - 1.5588.. Although no U.K. eco. data are due out today, cable traders are expected to pay very close attention to comments by the heavyweights in the BOE when they testify starting at 08:45GMT, Governor Mervyn King, along with BOE MPC Members Charles Bean, Paul Fisher, David Miles n Andrew Sentance on monetary policy and financial stability before the Treasury Select Committee. Until these central bankers speak, technical trading wud dominate in early European session with bids seen at 1.5560-40 n a mixture of offers n stop is touted abv 1.5600.
Join the Discussion