Bank of England Governor Mark Carney welcomed the fall of unemployment rate in the UK to 7.6% in the third quarter. He will repeat that the target rate of 7% of the bank only limit to which the bank will consider raising interest rates.
Forex pair GBPUSD during the previous trades recorded a peak at 1.61930 and then consolidated at 1.61680. The currency pair is likely to find support at 1.6100 and resistance at 1.62400.
In relation to the franc and the yen the pound has weakened slightly. GBPCHF dropped to 1.47100 and GBPJPY fell to 163.97.