As it was expected, yesterday’s news releases didn’t cause a significant increase in the volatility of GBPUSD. Only at the very beginning of yesterday’s European session Germany’s trade balance report managed to strengthen the US Dollar while GBPUSD rebounded from the resistance level of 1.6449. At the moment the currency pair is moving in the 1.6449 - 1.6327 range. The volatility level remains high. Today’s news blocks are going to be rich in significant reports: Trade Balance (UK), BoE Rate Decision (UK), Unemployment Claims (US), Wholesale Inventories (US), EIA Natural Gas Stocks (US).
The current support/resistance levels and the option barriers close to them (1.6565 и 1.6232) remain the key levels.
Provided by the Department of Options,
