Forex: GBP/USD sidelined around 1.5750

FXstreet.com (Barcelona) - The sterling has been trading within a consolidation pattern since the last part of the NA session, around 1.5750 ahead of a batch of data in the UK: M4 Money Supply, Mortgage Approvals, Consumer Credit and Net Lending to Individuals.

The GBP followed its European counterpart overnight, looking for a catalyst to break the congestion, where the ADP Employment Change report and the FOMC meeting are today's most relevant events.

At the moment, the cross is losing 0.04% at 1.5755 with the next support at 1.5678 (low Aug.20) ahead of 1.5674 (low Aug.17) and finally 1.5657 (Lower Bollinger).
On the upside, a break above 1.5795 (hourly high Jan.28) would bring 1.5838 (MA10d) and then 1.5852 (high Jan.24).