Xstreet.com (Buenos Aires) – GBP/USD reached an intraday low of 1.6375 after BOE minutes show at least 3 of the 9 members vote for more QE than current 50Bl pounds. Bottoming at that level, Now the pair is back above 1.6400 mostly a technical correction and probable some profit taking after the strong fall, also supported by a recovery in European stocks, and U.S. futures.
Quoting around 1.6425, immediate resistance comes at the 1.6440 zone, followed by 1.6480 and 1.6520. Back under 1.6400, supports will come at today’s low of 1.6375 ahead of 1.6320 zone.
