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Forex pairs in this Article » GBP/USD (Edinburgh) - It seems that the sterling bottomed out below 1.5360 on Wednesday, where some buying interest turned up and is currently lifting the GBP/USD to the vicinity of 1.5370.

GBP/USD looks to M.King

Ahead in the day, Governor M.King wil present the Government Spending Review, although according to Marcin Budkiewicz, Strategist at TD Securities, “We don’t expect the Spending Review to be too market moving, but it will mark the start of politicking ahead of the 2015 General Elections”.

GBP/USD levels to watch

As of writing, the pair is down 0.39% at 1.5361 with the immediate support at 1.5343 (low Jun.24) ahead of 1.5300 (psychological level) and then 1.5293 (50% of 1.4832-1.5753). On the flip side, a break above 1.5442 (high Jun.26) would open the door to 1.5480 (high Jun.25) and finally 1.5500 (psychological level).
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