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Forex: GBP/USD around 1.5320/25, BoE eyed

FXstreet.com (Barcelona) - The pound is trading in red figures on Wednesday, gyrating around 1.5320/25 ahead of the BoE minutes and the ILO unemployment rate due later.

“The sterling may continue to track higher over the next 24-hours of trading as we anticipate the Bank of England Minutes to show another 6-3 split within the Monetary Policy Committee. As the majority sticks to the sidelines, easing bets for more quantitative easing may spur another run at the 1.5400 figure, and the GBPUSD may post fresh monthly highs in the coming days should the policy statement highlight an improved outlook for the U.K. economy”, commented David Song, Currency Analyst at DailyFX.

As of writing, the pair is down 0.27% at 1.5322 with the next support at 1.5300 (MA10d) followed by 1.5273 (low Apr.15) and then 1.5251 (low Apr.9).
On the other hand, a surpass of 1.5386 (high Apr.15) would aim for 1.5409 (high Apr.12) and finally 1.5412 (high Apr.11).

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