• Confidence miss hits USD, Cable rises 
  • 1.5338 = 8wk cable high after more USD selling. 1.5307 = early NY high
  • Pair sees scope for further gains to 1.55 if USD remains under cosh thru FOMC verdict
  • FOMC statement Wednesday 1800 GMT. UK election next week (May 7)

The material has been provided by InstaForex Company – www.instaforex.com