1 Aug 2013
GBP/USD testing highs on unchanged BoE
FXstreet.com (Edinburgh) -The GBP/USD is attempting a bounce to Wednesday peaks around 1.5240/50 after the BoE kept its monetary policy unchanged, matching expectations.
GBP/USD within the range
The pair remains locked with the weekly range in the wake of the data, as the central bank commanded by M.Carney left for the next August 7th – Inflation Report - a revision of the forward guidance. The lack of a post-decision statement is also helping the pair to gather traction.
GBP/USD levels to consider
As of writing the pair is up 0.14% at 1.5230 with the next hurdle at 1.5254 (high Jul.31) and then 1.5300 (psychological level). On the downside, a dip beyond 1.5125 (low Jul.31) would open the door to 1.5080 (low Jul.17) and finally 1.5045 (low Jul.16).
GBP/USD within the range
The pair remains locked with the weekly range in the wake of the data, as the central bank commanded by M.Carney left for the next August 7th – Inflation Report - a revision of the forward guidance. The lack of a post-decision statement is also helping the pair to gather traction.
GBP/USD levels to consider
As of writing the pair is up 0.14% at 1.5230 with the next hurdle at 1.5254 (high Jul.31) and then 1.5300 (psychological level). On the downside, a dip beyond 1.5125 (low Jul.31) would open the door to 1.5080 (low Jul.17) and finally 1.5045 (low Jul.16).