As it was informed by "Market Leader (US)"
GBPUSD volatility for April 20th 2011
The currency pair has overcome a significant option barrier at 1.6327. The closest resistance level is 1.6449 while 1.6500 remains a psychological barrier.
Yesterday’s UK and US macroeconomic data didn’t increase the volatility level. On Monday there was a volatility spike after S&P’s lowered the USA’s credit ratings. But the volatility level came back to normal. Wednesday’s news background can be considered neutral. There are no significant news releases scheduled for today. There is only one news release (US Existing Home Sales) that can have a short-term impact on the market. However, it is unlikely to cause a volatility upsurge as the index is able to have a significant impact on currencies only in long-term or mid-term perspective.