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Flash: GBP/USD has reached the 1.5035/28 target zone – Commerzbank

FXstreet.com (London) - Analyst, Axel Rudolph, at Commerzbank said that GBP/USD has reached the 1.5035/28 target zone, made up of the April and the 20th of March lows.

He sights support at 1.4997, the 78.6% Fibonacci retracement of the March-to-May rise, may also be reached and is regarded as the last defence for 1.4832, the March low.

Flash: UK needs Europe and vice versa – Investec

Yesterday first quarter UK GDP was left unrevised at the second estimate remaining at 0.3%, in line with market expectations.
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Flash: GBP/USD sees potential for downside stretch - Societe Generale

Societe Generale analysts believe that a decisive daily close below for 1.5015 for GBP/USD, would stretch the correction to 1.4830/70.
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