Tue, Jun 19 2012, 15:43 | FXstreet.com
FXstreet.com (Córdoba) – The pound spiked toward a fresh monthly high against the greenback as it remains underpinned not only by positive market sentiment and broad dollar weakness, but also by news the BoE will offer banks £5 billion on Wednesday, as 6-month loans in the debut operation of its extended collateral term repo facility, or ECTR.
GBP/USD jumped to its highest rate since May 23 at 1.5755 before easing somewhat. At time of writing, the cable is quoting at the 1.5725 zone, up 0.4% on the day.
In terms of technical levels, above 1.5750/55 next resistances could be faced at 1.5800 and 1.5850, while on the contrary supports are seen at 1.5700, 1.5650 and 1.5600.