FXStreet (Guatemala) - GBP/USD is trading at 1.6952, up 0.14% on the day, having posted a daily high at 1.6994 and low at 1.6921.

GBP/USD is ducking away from the key space on 1.69 while the hawkish comments from BoE Governor Carney have reinforced a bullish outlook for the pound. Lee Hardman, analyst at the Bank of Tokyo-Mitsubishi UFJ, Ltd explained that the stronger pound outlook should push GBP/USD above the 1.7000-level heading into year end, although said the scope for further pound upside against the US dollar should prove more modest than against the euro. “The Fed may also follow the BoE and surprise the market by signalling that rate hikes will begin earlier than from the middle of 2015 helping to strengthen the US dollar and dampening further upside for GBP/USD”.

GBP/USD Levels

With spot trading at 1.6956, we can see next resistance ahead at 1.6975 (Annual High), 1.6975 (3 Year High), 1.6975 (YTD High), 1.6979 (Daily Classic R1) and 1.6989 (5 Year High). Support below can be found at 1.6937 (Hourly 20 EMA), 1.6933 (Yesterday's High), 1.6931 (Weekly Classic R2), 1.6929 (Monthly High) and 1.6929 (Weekly High).

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Forex pairs in this Article » GBP/USD

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