Flash: GBP/USD, grinding higher - TDS

FXstreet.com (London) - Strategists for TD Securities noted that the BoE Governor Carney tried to emphasise the low for longer message in his speech yesterday, but the GBP has nevertheless continued to outperform.

Key Quotes:

“Solid—albeit on-consensus—UK industrial production figures and an improvement in the trade balance for October have also helped to lift GBP/USD this morning”.

“The pair reached a marginal new cycle high, and on the charts there isn’t much resistance to prevent a move to 1.66/67”.