Forex: GBP/USD inching higher around 1.6060/65
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GBP/USD
FXstreet.com (Barcelona) - The sterling has followed its European counterpart on Thursday, falling from the boundaries of 1.6130 to the actual 1.6050 region after the BoE has left its monetary policy unmodified, succumbing afterwards to the general bearishness after the press conference by President Draghi.
Poor data out of the UK trade balance have also collaborated in the negative sentiment. Today's docket in the British economy comprises industrial and manufacturing production and consumer inflation expectations.
At the moment, the cross is advancing 0.07% at 1.6061 with the next resistance at 1.6131 (high Dec.4) followed by 1.6133 (high Nov.2) and 1.6139 (Upper Bollinger).
On the flip side, a breach of 1.6051 (MA10d) would bring 1.6045 (MA55d) and then 1.5988 (low Nov.30).
Poor data out of the UK trade balance have also collaborated in the negative sentiment. Today's docket in the British economy comprises industrial and manufacturing production and consumer inflation expectations.
At the moment, the cross is advancing 0.07% at 1.6061 with the next resistance at 1.6131 (high Dec.4) followed by 1.6133 (high Nov.2) and 1.6139 (Upper Bollinger).
On the flip side, a breach of 1.6051 (MA10d) would bring 1.6045 (MA55d) and then 1.5988 (low Nov.30).
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