GBP/USD: Fresh bids emerge near 1.4610, re-takes 1.4650

The GBP/USD pair is seen reversing a sharp sell-off witnessed post-European open, having found strong support near 1.4610 region.

GBP/USD tracks EUR/GBP moves

Currently, GBP/USD trades -0.05% lower to 1.4630, reversing a brief dip to 1.4613 reached in the last hour. The cable makes minor-recovery attempts back towards 1.4650 levels, mainly helped by a retreat in the EUR/GBP cross from 0.7640 session tops.

Meanwhile, markets continue to assess the recent comments from BOE governor Carney on the UK’s inflation and economic outlook in light of the upcoming EU referendum, as the UK docket remains absolutely data-dry today. While the downside remains cushioned as the latest Brexit polls show votes in favour of the Remain camp.

GBP/USD Levels to consider

The pair has an immediate resistance at 1.4666 (May 24 & 19 high), above which 1.4700 (psychological levels) would be tested. On the flip side, support is seen at 1.4600 (round number) below that at 1.4540/05 (5-DMA/ 1h 200-SMA).