GBP review: Western Union

Quotes from Western Union:

- Costs continued to grind higher for GBP buyers as the pound notched a new six-week peak in the $1.54s. The pound found supportive news in Britain's labor market as wage growth exceeded record low inflation and unemployment unexpectedly fell a notch to 5.7 percent, a more than six-year low. 

- Sterling also had to contend with minutes from the Bank of England's last gathering which showed a second straight unanimous vote of 9-0 to keep interest rates at record lows of 0.5 percent. The minutes didn't do much damage to those holding out hope for a sooner than expected U.K. rate hike. 

- With the pound slightly in the red on the year versus the greenback, the current market remains excellent for GBP buyers to take cover and lock in coming exposures at fairly attractive levels.