GBPUSD INCREASINGLY BULLISH ABOVE 1.3228
The British pound continues to push higher against the U.S dollar, hitting 1.3279, as investors price-in an upcoming rate hike from the Bank of England, following better than expected third quarter GDP figures from the UK. The GBPUSD pair currently trades around the highs of the day, as sterling traders await the upcoming European Central Bank monetary policy meeting later today.
The GBPUSD pair is increasingly bullish while trading above the key 1.3228 level, further bullish advancement can be expected towards the 1.3307 and 1.3338 levels.
Should intraday GBPUSD sellers push price-action back below the 1.3228 level, further declines towards 1.3201 and 1.3157 remain likely.