GBP/USD Might Strengthen To 1.72 On Dovish FED

GBP/USD once again might strengthen to 1.72. GBP/USD reached the high of 1.7063 last week when the BOE Governor said in a speech that he would be raising the interest rates sooner than expected. But later on toned down his statement when he faced criticism by the House of Commons lawmakers who questioned his wisdom. He said interest rate change will be data driven. GBP/USD fell below 1.70 level. But once again it is climbing on poor US Economic Recovery and a dovish FED.