Forex: GBP/USD back below 1.5700
FXstreet.com (Barcelona) - The sterling is trading back to sub 1.57 levels after the post-Carney rally has taken the cross to session highs in the proximity of 1.5770
The upside of GBP lost momentum after the BoE left its monetary policy intact - rates at 0.50% and Gilts purchases at £375 billion - and the ECB ignited a sharp sell-off in risk-associated assets after talking down the single currency.
Earlier positive data out of the UK trade balance figures and industrial/manufacturing production added some buying interest to the pound.
As of writing, GBPUSD is up 0.19% at 1.5692 facing the next barrier at 1.5805 (high Feb.5) and then 1.5871 (MA21d).
On the downside, a breach of 1.5628 (low Feb.5) would open the door to 1.5578 (low Aug.10).
The upside of GBP lost momentum after the BoE left its monetary policy intact - rates at 0.50% and Gilts purchases at £375 billion - and the ECB ignited a sharp sell-off in risk-associated assets after talking down the single currency.
Earlier positive data out of the UK trade balance figures and industrial/manufacturing production added some buying interest to the pound.
As of writing, GBPUSD is up 0.19% at 1.5692 facing the next barrier at 1.5805 (high Feb.5) and then 1.5871 (MA21d).
On the downside, a breach of 1.5628 (low Feb.5) would open the door to 1.5578 (low Aug.10).
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