10 Feb 2015
GBP/USD retreats from highs
FXStreet (Edinburgh) - After climbing as high as the vicinity of 1.5270, GBP/USD is now running out of steam and returning to the id-1.5200s.
GBP/USD focus on BoE
The pair has picked up pace following a softer tone from the greenback, lifting the sentiment around the risk-associated universe. The sterling keeps consolidating above the 1.5200 handle ahead of the critical BoE Quarterly Inflation Report due tomorrow, followed by a speech by Governor M.Carney.
Spot managed to leave behind mixed results from the Industrial and Manufacturing Production in the UK economy during December, managing to bounce off the area of 1.5210.
GBP/USD significant levels
At the moment the pair is up 0.17% at 1.5243 with the next up barrier at 1.5282 (40-d MA) followed by 1.5353 (high Feb.6) and then 1.5355 (high Jan.5). On the other hand, a breach of 1.5170 (low Feb.5) would aim for 1.5162 (200-h MA) and finally 1.5149 (21-d MA).
GBP/USD focus on BoE
The pair has picked up pace following a softer tone from the greenback, lifting the sentiment around the risk-associated universe. The sterling keeps consolidating above the 1.5200 handle ahead of the critical BoE Quarterly Inflation Report due tomorrow, followed by a speech by Governor M.Carney.
Spot managed to leave behind mixed results from the Industrial and Manufacturing Production in the UK economy during December, managing to bounce off the area of 1.5210.
GBP/USD significant levels
At the moment the pair is up 0.17% at 1.5243 with the next up barrier at 1.5282 (40-d MA) followed by 1.5353 (high Feb.6) and then 1.5355 (high Jan.5). On the other hand, a breach of 1.5170 (low Feb.5) would aim for 1.5162 (200-h MA) and finally 1.5149 (21-d MA).