Filed Under:
Forex pairs in this Article » GBP/USD
FXstreet.com (Guatemala) - Sterling has been a main mover today, with the EUR/GBP cross leading the GBP/USD lower.

GBP/USD has fallen to 1.6347 the low from 1.6500. There has been a great deal of chatter regarding the UK backing of British debt post a Scottish referendum and what it means. Meanwhile, Meanwhile, there seems to be an overriding driver of the global capital markets in the coming days, according to strategists at Brown Brothers Harriman, “ It is how investors see the implications of last week's dismal jobs data. In particular, many observers are suggesting that it raises doubts over the Fed's willingness to continue to pull back from its asset purchases, as generally outlined alongside last month's tapering decision. Some observers have linked it to arguments that the economy has become dependent on QE and at the first sign of withdrawal, there is a loss of activity”.

GBP/USD Levels

The 20 DMA is 1.6416, the 50 DMA is 1.6290 and the 200 DMA is 1.5733. RSI (14) reads 36.46. Supports are ascending from 1.6362 and 1.6370. Spot is 1.6386.
comments powered by Disqus