9 Jul 2015
GBP/USD still below 1.5400 on BoE
FXStreet (Edinburgh) - The sterling keeps the upbeat mood vs. the US dollar on Thursday, with GBP/USD gyrating around the 1.5375/70 band.
GBP/USD steady on BoE
The pair kept the composure after the BoE once again left its monetary policy unchanged at today’s meeting, with the refi rate at 0.5% and the asset purchase facility at £375 billion, broadly in line with market expectations.
Spot is now looking to stabilize in sub-1.5400 levels, coming down from daily peaks in the 1.5420/25 area.
GBP/USD levels to consider
As of writing the pair is advancing 0.11% at 1.5379 with the next hurdle at 1.5423 (high Jul.9) ahead of 1.5467 (high Jul.8) and finally 1.5628 (high Jul.6). On the other hand, a break below 1.5330 (low Jul.8) would open the door to 1.5221 (low Jun.8) and then 1.5190 (low Jun.5).
GBP/USD steady on BoE
The pair kept the composure after the BoE once again left its monetary policy unchanged at today’s meeting, with the refi rate at 0.5% and the asset purchase facility at £375 billion, broadly in line with market expectations.
Spot is now looking to stabilize in sub-1.5400 levels, coming down from daily peaks in the 1.5420/25 area.
GBP/USD levels to consider
As of writing the pair is advancing 0.11% at 1.5379 with the next hurdle at 1.5423 (high Jul.9) ahead of 1.5467 (high Jul.8) and finally 1.5628 (high Jul.6). On the other hand, a break below 1.5330 (low Jul.8) would open the door to 1.5221 (low Jun.8) and then 1.5190 (low Jun.5).