MAY 18 GBP / USD – Pivots 1.42 Ahead Of QE Talk From BoE Trio
Cable elicited support pre-1.4177 (Asia high) after retreating from 1.4220
1.4220 was 12-week peak during the London morning
BoE’s Bailey, Broadbent and Ramsden will talk QE from 1400GMT
1.4240 (Feb’s 34-month high) and 1.43 are resistance levels beyond 1.4220
Support points below 1.4177 include 1.4150 and 1.4120 (Monday’s Ldn am high)
UK Apr inflation data due Wednesday 0600GMT, + 1.4% YY f / c vs + 0.7% in March
Source: https://wintrademarkets.com
