GBPUSD / 16/12/2014 08:10:33 England CPI Is ImportantYesterday; USA Empire manufacturing index declined unexpectedly, while industrial production and capacity utilization rate were above the market expectation. Despite the pair declined to 1,5600 level, later rovered again.
Today; BOE bank stress test results and England CPI would stand out. In the USA, building permits and housing starts will be followed.
Technically; if the pair breaks 1,5650 resistance, then 1,5700 and 1,5750 levels would be aimed. If the pair stays below 1,65650 resistance, then 1,5600 level would be tested again.