Filed Under:
Forex pairs in this Article » GBP/USD (Edinburgh) -The intraday decline of the sterling seems to have found buyers in the vicinity of 1.5500 the figure, lifting the GBP/USD to the current area of 1.5520/25.

GBP/USD eyes on Carney’s speech

UK calendar is pretty light ahead in the day, wit only the CBI Distributive Trades Survey due for the month of August (20 exp. Vs. 17 prev.). However, Governor M.Carney’s speech before the UK Parliament will grab all the attention. “It would be surprising if Governor Carney did not attempt to push back against those market expectations for earlier BoE tightening, to reinforce the potential effectiveness of the guidance”, assessed Lee Hardman, Currency Analyst at BTMU.

GBP/USD levels to watch

As of writing the pair is losing 0.23% at 1.5511 with the immediate support at 1.5489 (MA21d) ahead of 1.5482 (low Aug.27) and then 1.5439 (MA30d). On the flip side, a breakout of 1.5551 (high Aug.28) would aim for 1.5592 (high Aug.27) and finally 1.5602 (MA10d).
comments powered by Disqus