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Daily outlook for GBP: Lloyds Bank

Quotes from Lloyds Bank:

-The surprise move of the day came from GBPUSD. Having dipped through support at 1.5355 Cable rallied back strongly into the close keeping the bull phase from 1.50 intact for now. 1.5550/1.5575 is still important resistance but we will be listening to BoE Governor Carney's testimony very closely.

-The UK data has been strong recently, especially employment, but it is not clear how committed the BoE is to normalising rates. EURGBP lurched to new lows, but as we have mentioned the .7250 area is still a significant support zone and an area where we are looking for a potential base.  

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