It has been a tale of two meeting minutes for the GBPUSD today. The MPC Meeting Minutes were more hawkish as two members voted to increase rates NOW. The vote was 9-2 for keeping the status quo, but the tightening bias has officially started. Now the FOMC Meeting Minutes are also full of tweaks more toward the hawkish side. The GBPUSD was moving lower prior to the release of the FOMC minutes, having failed to stay above the 200 day MA at the 1.66709 level, and get above the 100 hour MA at the 1.6682 level (the high reached 1.6677 - See EARLIER POST and the chart above). It seems the market is still looking to correct ... (full story)