The cable and the euro have propelled to the 1.5830-45 area and 1.3170-97 zone respectively, failing to trespass to higher key levels however.

Ahead in the week the BoE is expected to leave unchanged the benchmark interest rate at 0.5%. On the other hand, market consensus estimates an increment of £20-50bn in the Asset Purchase Programme.

At the moment the cross is up 0.07% at 1.5822 with resistance 1.5862 (high Feb.3) ahead of 1.5888 (high Nov.18) then 1.5931 (high Nov.15) and 1.5940 (MA200d).
On the downside, a breach of 1.5730 (low Feb.6) would expose 1.5707 (low Feb.1) then 1.5701 (low Jan.31) and 1.5642 (low Jan.27).