Dovish BoE Minutes weigh on GBP/USD - FXStreet

By | Updated July 30, 2014 AAA

FXStreet (Barcelona) - As FXStreet Chief Analyst Valeria Bednarik points out, GBP/USD has lost some ground amid dovish BoE Minutes that have shown no change in the votes, down to 1.6931 on the day, but the pair is back at 1.6950 currently.

Key quotes

"The hourly chart shows a mild bearish tone, as per price holding below its 20 SMA and indicators in negative territory, while the 4 hours chart shows indicators turning also lower around their midlines."

"Price has stood above post Carney’s wording on rate hikes high, so the upside continues to be favored, with a break above 1.7000 still required to confirm a new leg up."

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