21 Jan 2015
GBP/USD short-term outlook bearish – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, sees the short-term outlook for the GBP/USD pair as bearish, with the Sterling falling to a daily low at 1.5070 after the BOE’s unanimous decision to keep rates steady.
Key Quotes
“The British Pound took a hit from its Central Bank this Wednesday, after BOE’s Minutes showed all of the 9 voting members choose to kept rates steady in their January meeting. Despite local employment figures actually beat expectations, the Cable sunk to a daily low of 1.5070 as the decision anticipates no rate hikes in the UK this year.”
“The short term technical picture is bearish, as the price develops below its 20 SMA and indicators are biased lower in negative territory.”
“In the 4 hours chart the outlook is bearish to neutral, with indicators turning south in neutral territory and the price holding below its 20 SMA ever since the news were released.”
Key Quotes
“The British Pound took a hit from its Central Bank this Wednesday, after BOE’s Minutes showed all of the 9 voting members choose to kept rates steady in their January meeting. Despite local employment figures actually beat expectations, the Cable sunk to a daily low of 1.5070 as the decision anticipates no rate hikes in the UK this year.”
“The short term technical picture is bearish, as the price develops below its 20 SMA and indicators are biased lower in negative territory.”
“In the 4 hours chart the outlook is bearish to neutral, with indicators turning south in neutral territory and the price holding below its 20 SMA ever since the news were released.”