GBP/USD Daily Forecast – 20 January
Sterling was initially pushed higher in the course of yesterday's session, after CPI and PPI figures, but after dovish BoE Governor Carney's comments regarding rate hike, pair broke lower all the way to 1.4120 area. As for tomorrow, we would be focused on UK job figures. Weaker than expected figures would push pair all the way to 1.41 handle, while better than forecasted data would bring rebound but with resistance around 1.4250 and 1.4280 level in extension.
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