Forex: GBP/USD regains 1.5600 and erases losses
Forex pairs in this Article »
GBP/USD
FXstreet.com (Córdoba) - The pound managed to erase intraday losses against the dollar, having bounced from daily lows back above the 1.5600 mark after the Wall Street opening, supported by positive market sentiment.
After hitting a low of 1.5545, weighed by soft UK house prices and anticipation of a dovish BoE quarterly inflation report midweek, GBPUSD rebounded and climbed nearly 100 pips to hit a NY high of 1.5643.
At time of writing, the pair is trading at the 1.5620/25 zone, virtually unchanged since opening. On the upside, next resistances are seen at 1.5660 and 1.5700, while supports could be found at 1.5590, 1.5545/50 and 1.5500.
After hitting a low of 1.5545, weighed by soft UK house prices and anticipation of a dovish BoE quarterly inflation report midweek, GBPUSD rebounded and climbed nearly 100 pips to hit a NY high of 1.5643.
At time of writing, the pair is trading at the 1.5620/25 zone, virtually unchanged since opening. On the upside, next resistances are seen at 1.5660 and 1.5700, while supports could be found at 1.5590, 1.5545/50 and 1.5500.
Free Annual Reports
