The pound, like the euro, has both bull and bear supporters right now at these levels and this pair is no exception.
Is it being dragged up on the coat tails of others or does it genuinely want to go higher? Both arguments have relative merit.
Ahead of the employment and MPC releases at 08.30 GMT we’ve got good size selling interest at 1.5400 and 1.5450 with smaller orders inbetween at 1.5425. Buyers come in at 1.5320 with larger interest at 1.5300 and 1.5250 with further support at 1.5275-85 ahead of yesterday’s lows.
