Back
22 Apr 2015
GBP/USD keeps gains above 1.5000
FXStreet (Edinburgh) - The sterling is prolonging its upbeat momentum in the European evening, taking GBP/USD to the area of 1.5035/40.
GBP/USD capped by 1.5080
The pair’s upside seems to have found a tough barrier in the 1.5080/85 band, with sellers stepping in and triggering a correction to the current 1.5040 region.
The pound managed to pick up pace after the BoE minutes showed a repetition of the unanimous voting pattern from the MPC members in the last meeting, favouring a steady stance in the monetary policy. The minutes also showed that inflation figures could slip into the negative ground in the upcoming months and that wages need to gather traction in favour of achieving the 2% inflation target.
GBP/USD relevant levels
At the moment the pair is advancing 0.77% at 1.5041 with the initial hurdle at 1.5082 (high Apr.22) followed by 1.5100 (psychological level) and finally 1.5195 (100-d MA). On the other hand, a breakdown of 1.4915 (hourly low Apr.22) would open the door to 1.4857 (low Apr.21) and then 1.4813 (low Apr.16).
GBP/USD capped by 1.5080
The pair’s upside seems to have found a tough barrier in the 1.5080/85 band, with sellers stepping in and triggering a correction to the current 1.5040 region.
The pound managed to pick up pace after the BoE minutes showed a repetition of the unanimous voting pattern from the MPC members in the last meeting, favouring a steady stance in the monetary policy. The minutes also showed that inflation figures could slip into the negative ground in the upcoming months and that wages need to gather traction in favour of achieving the 2% inflation target.
GBP/USD relevant levels
At the moment the pair is advancing 0.77% at 1.5041 with the initial hurdle at 1.5082 (high Apr.22) followed by 1.5100 (psychological level) and finally 1.5195 (100-d MA). On the other hand, a breakdown of 1.4915 (hourly low Apr.22) would open the door to 1.4857 (low Apr.21) and then 1.4813 (low Apr.16).