Adam Posen, which was a consistent hawk, doesn’t support additional QE in Britain anymore. Only one member, David Miles, still supports a further expansion. No more pound printing means a strong pound. This surprise sent GBP/USD towards the critical round level of 1.60 which it had a hard time breaking twice in the past week. Will it make it this time? Miles wanted an expansion from 325 to 350 billion pounds. Nobody called for a rate hike at this point, but such calls might come as early as the next meeting. Tucker already hinted that inflation is too high and should be tackled. GBP USD Attempt on 1.60 as QE Fades Out - Click image to enlarge GBP/USD currently trades at 1.5975, falling from a peak of 1.5993. A break above 1.60 will pave the road to 1.6060. A drop will find the pair at support down at 1.5910. For more on the pound, see the GBP/USD forecast. In addition, employment figures were marginally better than expected. Claimant Count Change rose by only 3.6K, less than 6.6K that was expected. Also last month’s rise in jobless claims was revised to the downside, only 4.5K. The unemployment rate for February dropped unexpectedly from 8.4% to 8.3%, with Average Earnings Index being the only minor disappointment (from a minor figure) rising only 1.1%. Yesterday, Britain reported that inflation fell once again: from the trough of 3.4% in headline CPI to 3.5%. The refusal of inflation to return into the 1-3% target causes headaches for some of the hawkish central bankers, and pushes the big dove Posen towards their camp. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Signs of a Global Spring? FxPro - Forex Broker 10 years Adam Posen, which was a consistent hawk, doesn't support additional QE in Britain anymore. Only one member, David Miles, still supports a further expansion. No more pound printing means a strong pound. This surprise sent GBP/USD towards the critical round level of 1.60 which it had a hard time breaking twice in the past week. Will it make it this time? Miles wanted an expansion from 325 to 350 billion pounds. Nobody called for a rate hike at this point, but such calls might come as early as the next meeting. Tucker already hinted that inflation is too high and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.