After yesterday’s maximum of 15 months at 1.3618, the GBP/USD gave up some ground, but keeps the tone after the aggressive rise experienced after the meeting of the BoE on Thursday. The cross has touched intraday high at the european opening at 1.3552, but in the last two hours has dropped to a daily minimum of 1.3469.
Without data being published in the Uk today, the operators of the pair ignored the data of second row that will be published today by the united States and will focus on the fundamental of morning, that they could shake off the junction with strength, since we will have the retail sales british first, and the Fed meeting later.
To Valeria Bednarik, analyst leader of FXStreet, the pair would need to recover above the level of 1.3550 to continue bullish and attempt to recover the region of 1.3600.
To the downside, a break below the level 1.3440 will involve the biggest declines today, with the region of 1.3380 as a likely target bassist.