22 Jan 2015
GBP/USD flat around 1.5130
FXStreet (Edinburgh) - The sterling is trading almost unchanged vs. the greenback on Thursday, with GBP/USD hovering over the 1.5130 neighbourhood.
GBP/USD bounced off 1.5070
The pair managed to rebound from yesterday’s post-BoE lows near 1.5070. Recall that the BoE unanimously vote to keep unchanged both the refi rate and the asset purchase facility in the MPC meeting on Wednesday, triggering a sharp sell off in GBP. On the bright side, jobs figures improved, with Claimant Count decreasing more than expected and the ILO unemployment rate down to 5.8%.
Nothing of note ahead in the session for the sterling, with only Industrial Trend Survey by CBI due (5 exp.).
GBP/USD levels to watch
As of writing the pair is up 0.01% at 1.5134 with the next resistance at 1.5164 (Tenkan Sen) followed by 1.5200 (high Jan.20) and then 1.5267 (high Jan.15). On the downside, a break below 1.5076 (low Jan.21) would expose 1.5058 (low Jan.20) and finally 1.5034 (2015 low Jan.8).
GBP/USD bounced off 1.5070
The pair managed to rebound from yesterday’s post-BoE lows near 1.5070. Recall that the BoE unanimously vote to keep unchanged both the refi rate and the asset purchase facility in the MPC meeting on Wednesday, triggering a sharp sell off in GBP. On the bright side, jobs figures improved, with Claimant Count decreasing more than expected and the ILO unemployment rate down to 5.8%.
Nothing of note ahead in the session for the sterling, with only Industrial Trend Survey by CBI due (5 exp.).
GBP/USD levels to watch
As of writing the pair is up 0.01% at 1.5134 with the next resistance at 1.5164 (Tenkan Sen) followed by 1.5200 (high Jan.20) and then 1.5267 (high Jan.15). On the downside, a break below 1.5076 (low Jan.21) would expose 1.5058 (low Jan.20) and finally 1.5034 (2015 low Jan.8).