13 Feb 2015
GBP/USD clings to 1.5400
FXStreet (Edinburgh) - GBP/USD is looking to extend the recent break above 1.5400 the figure on Friday.
GBP/USD boosted by data, BoE
The pound is marginally advancing vs. the greenback today, albeit it is closing its third consecutive week with gains after bottoming out around the mid-1.4900s in January. An unexpected upbeat tone from the BoE’s Quarterly Inflation Report on Thursday gave GBP extra wings and allowed a continuation of the recent rally beyond the 1.5400 mark.
Almost empty docket today in the UK economy, with only the Leading Economic index by CB scheduled.
GBP/USD levels to watch
At the moment the pair is up 0.02% at 1.5399 and a surpass of 1.5438 (76.4% of 1.5588-1.4952) would aim for 1.5481 (23.6% of 1.7192-1.4952) and then 1.5500 (psychological level). On the other hand, the initial support lines up at 1.5381 (hourly low Feb.13) ahead of 1.5261 (40-d MA) and finally 1.5246 (10-d MA).
GBP/USD boosted by data, BoE
The pound is marginally advancing vs. the greenback today, albeit it is closing its third consecutive week with gains after bottoming out around the mid-1.4900s in January. An unexpected upbeat tone from the BoE’s Quarterly Inflation Report on Thursday gave GBP extra wings and allowed a continuation of the recent rally beyond the 1.5400 mark.
Almost empty docket today in the UK economy, with only the Leading Economic index by CB scheduled.
GBP/USD levels to watch
At the moment the pair is up 0.02% at 1.5399 and a surpass of 1.5438 (76.4% of 1.5588-1.4952) would aim for 1.5481 (23.6% of 1.7192-1.4952) and then 1.5500 (psychological level). On the other hand, the initial support lines up at 1.5381 (hourly low Feb.13) ahead of 1.5261 (40-d MA) and finally 1.5246 (10-d MA).