Flash: GBP/USD to see push higher? – Investec

FXstreet.com (New York) - Yesterday afternoon proved eventful post retail sales as the GBP/USD tore through the 1.5700 mark against the dollar, albeit briefly, before retreating back to 1.5670 where we find ourselves this morning.

Moreover, the GBP/EUR on the other hand remains firmly range bound in the 1.1700s with 1.1800 holding as a key level of resistance. According to Lee McDarby, Corporate Treasury at Investec, “An improvement on this number has added further support for GBP as we move into the afternoon, though the currency continues to face some headwinds.”