May 14, 2013
Forex: GBP/USD dropping through 1.5300 again
FXstreet.com (London) - The Sterling has yet again fallen through the 1.5300 level as traders eye lower lows. At the time of writing, the pair has printed a low of 1.5275 and lost 0.15% on the day. Focus will be on the BoE Quarterly Inflation report and employment numbers. Let’s wait to see if the BoE gives out a more optimistic tone, with less support for more stimulus. Support to the down side in GBP would be 1.5270 here, 1.5245 to target 1.5220 and then 1.5198, 1.5035 (4th April low) and 1.5028 (20th March low).