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Pounds surges against the dollar – FXStreet

FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet notes Pound surged against the greenback following the release of BOE’s Minutes.

Key Quotes

“The pair was trading at a fresh year low of 1.5582 at the time, bouncing sharply afterwards.”

“Technically, the 1 hour chart shows a mild positive tone, with price above a bullish 20 SMA and indicators aiming higher above their midlines.”

“In the 4 hours chart price overcame its 20 SMA but indicators remain below their midlines, suggesting some further advances above current level are required to get some upward momentum towards 1.5770 tops.”

GBP rallies as BoE minutes prove less dovish than expected – Scotiabank

Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes GBP trading stronger into the NA open, having benefited from less dovish than expected BoE minutes.
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Silver to average USD 19/Oz this year – GMFS

The Gold Fields Mineral Services (GFMS), in its interim silver market review, predicts that spot silver will average USD 19/Oz, which is a 20% decline from the last year’s average.
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