GBP/USD falls further below 1.5600

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GBP/USD falls further below 1.5600

FITITOL--> FXstreet.com (Córdoba) - Another wave of selling hit the pound in American hours, sending GBP/USD to fresh lows under 1.5600. GBP/USD fell to 1.5573, its lowest level since last Friday, before recovering slightly. At time of writing, the pair trades at the 1.5585/90 area, 0.6% or 100 pips below its opening price.

The pair remains under pressure ahead of the BoE decision, were analysts expect an extension of the bank's QE program, and in the wake of the recent Libor-scandal.

In terms of technical levels, below 1.5575, next supports could be found at 1.5540/50 and 1.5520. On the upside, resistances could now be encountered at 1.5615, 1.5650 and 1.5690.