26 Jun 2015
GBP/USD testing lows near 1.5720
FXStreet (Edinburgh) - The sterling is now losing ground vs. the greenback, dragging GBP/USD to challenge session lows around 1.5720.
GBP/USD focus on Carney
The bid tone around the US dollar is intensifying the selling pressure in the pair, which keeps correcting lower from session peaks near 1.5770. While Greece continues to drive the sentiment in the global markets, investors will also pay attention to the speech by BoE's M.Carney due later.
Recall that expectations for a sooner rate hike by the 'Old Lady' have been on the raise following the recent auspicious releases in the UK economy and the upbeat assessment by the Bank of England sees in the last minutes.
GBP/USD key levels
The pair is now losing 0.12% at 1.5728 with the next support at 1.5667 (low Jun.24) ahead of 1.5648 (38.2% of 1.5191-1.5930) and then 1.5627 (low Jun.17). On the flip side, a breakout of 1.5770 (high Jun.25) would aim for 1.5771 (200-h MA) and finally 1.5803 (high Jun.24).
GBP/USD focus on Carney
The bid tone around the US dollar is intensifying the selling pressure in the pair, which keeps correcting lower from session peaks near 1.5770. While Greece continues to drive the sentiment in the global markets, investors will also pay attention to the speech by BoE's M.Carney due later.
Recall that expectations for a sooner rate hike by the 'Old Lady' have been on the raise following the recent auspicious releases in the UK economy and the upbeat assessment by the Bank of England sees in the last minutes.
GBP/USD key levels
The pair is now losing 0.12% at 1.5728 with the next support at 1.5667 (low Jun.24) ahead of 1.5648 (38.2% of 1.5191-1.5930) and then 1.5627 (low Jun.17). On the flip side, a breakout of 1.5770 (high Jun.25) would aim for 1.5771 (200-h MA) and finally 1.5803 (high Jun.24).