GBPUSD H1 - Long Setup

GBPUSD H1

The pair hit a high of 1.3898 yesterday after more hawkish remarks by BOE policymaker, Michael Saunders.

Sellers tried testing waters just below 1.3800 earlier, with the low touching 1.3793 for a brief moment before a turnaround now to a session high of 1.3850.

In the bigger picture, the BOE has been playing it slow with regards to normalising policy but if Saunders' remarks yesterday was a start and if there is some follow through, perhaps the pound can find more reasons to challenge for a move higher.