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GBP/USD moves off 14-month lows – TradeTheNews

FXStreet (Barcelona) - The TradeTheNews Team notes that the GBP/USD pair moved off the 14-month lows after the release of less dovish than expected Bank of England (BOE) Minutes.

Key Quotes

“The pair moved from 1.5590 to test above 1.5650 as a result. There had been some speculation on markets that either Ian McCafferty or Martin Weale would climb down from voting for an immediate rise in rates.”

“EUR/USD remained in a corrective form following the stronger than expected German ZEW investor confidence yesterday and dealers suspected this would continue for the time being.”

“EUR/CHF currency cross continues to creep lower, the focus is now on any upcoming polls which help markets to put probabilities on a 'Yes' or 'No' vote”

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