Flash: GBP/USD eagerly awaiting Wednesdays UK data – Danske Bank

FXstreet.com (Barcelona) - Danske Bank analysts note that GBP/USD will be eagerly awaiting the UK Labour market numbers and MPC minutes on Wednesday.

Key Quotes

“Minutes will show if Mark Carney has the full backing of the MPC for the new ‘forward guidance regime’ in the UK.

“If the market gets the feeling that other members strongly oppose the new way of conducting monetary policy we could see further support to GBP this week. We believe risk is tilted in that direction.”