- GBP/USD deflated by profit-taking on longs, retreats half-cent from 1.5930
- 1.5930 = post-US CPI data high. 1.5930 = Ldn am high too
- 1.5930 = cable’s highest level since Nov 12 last year
- Pipeline BoE rate hike expectations = key source of support for GBP
The material has been provided by InstaForex Company – www.instaforex.com