FXstreet.com (Córdoba) - After bottoming out at an 8-month low of 1.5577, the Pound bounced strongly and managed to cut losses against the Greenback, as this latter loses momentum ahead of the FOMC statement.
GBP/USD has risen over 90 pips from lows, reaching a session high of 1.5670 so far, and it was last at 1.5660 where it is still 0.45% below its opening price.
The British currency came under pressure on Wednesday after the BoE minutes showed most members felt it was increasingly likely more asset purchases would be warranted at some point
"Technical studies indicate that supports are seen at 1.5579/33 and then at 1.5475", said the Talking-Forex.com team. On the other hand, resistance levels are seen at 1.5680, 1.5768 and then at the 10DMA line at 1.5797.
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