5 Sep 2013
GBP/USD jumps towards weekly highs on BoE
FXstreet.com (Lisbon) - The GBP/USD surged Thursday, following the recent reporting of the BoE, which sent the pair to fresh highs.
In the United Kingdom, the BoE Interest Rate decision was held at 0.5%, which was in line with widespread expectations. In addition, the Asses Purchase Facility was reported at £375B, also matching estimates.
GBP/USD strategic bias
According to Global FX Strategist Sean Callow at Westpac, “The GBP/USD remains neutral at the top end of its recent range, unable to move much higher as the 1.5650 level provides a large degree of resistance. The 1-month target remains at 1.5500.”
GBP/USD technical levels
In these moments the GBP/USD is now operating at 1.5645, securing an advance of +0.11% above its opening during European trading. Technically speaking, the GBP/USD will look to face resistances at 1.5674, ahead of 1.5696, and 1.5714, notes the Danske Research Team.
In the United Kingdom, the BoE Interest Rate decision was held at 0.5%, which was in line with widespread expectations. In addition, the Asses Purchase Facility was reported at £375B, also matching estimates.
GBP/USD strategic bias
According to Global FX Strategist Sean Callow at Westpac, “The GBP/USD remains neutral at the top end of its recent range, unable to move much higher as the 1.5650 level provides a large degree of resistance. The 1-month target remains at 1.5500.”
GBP/USD technical levels
In these moments the GBP/USD is now operating at 1.5645, securing an advance of +0.11% above its opening during European trading. Technically speaking, the GBP/USD will look to face resistances at 1.5674, ahead of 1.5696, and 1.5714, notes the Danske Research Team.