6 Jun 2013
GBP/USD trading at session highs after BoE
FXstreet.com (Barcelona) - The GBP/USD pair churned higher to establish fresh session highs at 1.5462/65 after the BoE decision during European trading.
In the United Kingdom, the BoE Interest Rate decision was held at 0.5%, matching expectations. In addition, the BoE Asset Purchase Facility recorded a figure of £375B, also coming in line with its consensus.
Amidst this uptick, the GBP/USD is securing an advance of+0.34% at the time of writing. According to Research Analyst Gareth Berry at UBS, “Having closed above 1.5378 and as the MACD cross above its zero line, the GBP/USD foreign exchange has scope is for further upside to 1.5606. Alternatively, support is at 1.5274, suggesting a bullish intraday outlook.”
In the United Kingdom, the BoE Interest Rate decision was held at 0.5%, matching expectations. In addition, the BoE Asset Purchase Facility recorded a figure of £375B, also coming in line with its consensus.
Amidst this uptick, the GBP/USD is securing an advance of+0.34% at the time of writing. According to Research Analyst Gareth Berry at UBS, “Having closed above 1.5378 and as the MACD cross above its zero line, the GBP/USD foreign exchange has scope is for further upside to 1.5606. Alternatively, support is at 1.5274, suggesting a bullish intraday outlook.”