FX.co ★ The fundamental analysis of the GBP/USD pair

On Wednesday, the British pound was under the pressure, amid this, the GBP/USD is trading around the week low, and the EUR/GBP — at the week high. The British currency was negatively impacted by the comments of Bank of England deputy manager Bean about that the bank would not like the pound to return to levels, at which it was quoting 2 years ago. The sterling was also put under the pressure by the article in Daily Telegraph, where it is written that Barclays&Barclays banks will need additional funding and also by the comments of Bank of England deputy manager Bean about that there are no substantial signs of economic recovery in Great Britain. Apart from this, Bean negatively influenced the British currency on Tuesday, announcing that the Centarl bank would not like pound to move up significantly from the current rates, not to speak of it to reach the levels witnessed a couple of years ago.
However, after the minutes release of July Commettee meeting concerning the Bank of England monetary policy the GBP/USD is trading on the upside.

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Analyst: Vladimir Donin