Back
5 Feb 2015
GBP/USD muted post-BoE
FXStreet (Edinburgh) - The sterling keeps the range after the BoE meeting on Thursday, with GBP/USD gyrating around 1.5240/50.
GBP/USD indifferent after steady BoE
Broadly in line with market consensus, the Bank of England left unchanged its refi rate and the asset purchase scheme at 0.5% and £375 billion, respectively. The pair has (not) reacted accordingly, keeping the trade at current levels in the mid-1.5200s region.
GBP/USD levels to consider
As of writing the pair is up 0.24% at 1.5243 with the immediate hurdle at 1.5270 (50% 1.5588-1.4952) ahead of 1.5264 (high Jan.6) and finally 1.5323 (23.6% of 1.6525-1.4952). On the downside, a drop below 1.5200 (psychological level) would open the door to 1.5139 (low Feb.4) and then 1.5128 921-d MA).
GBP/USD indifferent after steady BoE
Broadly in line with market consensus, the Bank of England left unchanged its refi rate and the asset purchase scheme at 0.5% and £375 billion, respectively. The pair has (not) reacted accordingly, keeping the trade at current levels in the mid-1.5200s region.
GBP/USD levels to consider
As of writing the pair is up 0.24% at 1.5243 with the immediate hurdle at 1.5270 (50% 1.5588-1.4952) ahead of 1.5264 (high Jan.6) and finally 1.5323 (23.6% of 1.6525-1.4952). On the downside, a drop below 1.5200 (psychological level) would open the door to 1.5139 (low Feb.4) and then 1.5128 921-d MA).