GBP/USD broke through yesterday’s post-FOMC minutes spike at 1.5720 and continued to 1.5731.
If sterling can hold onto its 45-pips of gains today it would be the first two-day rally since October.
Monday’s high of 1.5736 is mixed in with other technical resistance up to 1.5745. Today’s retail sales numbers were strong and the UK economic calendar is relatively quiet until next Wednesday’s GDP report.
