- GBP/USD deflated as USD benefits from US data beats
- Cable falls half-cent+ to 1.5210, 1.52 is a support level. 1.5198 = London am low
- 1.5191 = 50% retracement of 1.4567 (Apr 13 low) to 1.5815 (May 14 high)
- Good news for hawks advocating Fed rate hike in June/Sept
- BoE unlikely to raise interest rates until 2016
The material has been provided by InstaForex Company – www.instaforex.com