The pound edges higher as traders expect hawkish dissent within the Monetary Policy Committee. On the daily chart, the pair is trying to hold on to its gains after clearing the supply zone 0.8820-0.8850. Regarding intraday levels, the latest surge came to a halt at the former hourly support of 0.8850 and a drop below 0.8770 is a sign of weakness. 0.8800 is now a fresh resistance and 0.8730 a critical level to keep the single currency afloat. Its breach could push the bulls to abandon ship and send the price below 0.8690.
