12 Feb 2015
GBP/USD back above 1.5300 on BoE
FXStreet (Edinburgh) - The pound sees its demand boosted after the release of the BoE’s Quarterly Inflation Report, with GBP/USD climbing above 1.5300 the figure.
GBP/USD firmer following Carney
The pair remains on a firmer footing on Thursday after the appreciations of Governor Mark Carney within the Quarterly Inflation Report by the BoE. Carney stressed that consumer prices in the UK economy could drop below the zero level in the upcoming months although they could return to levels around 2% towards early 2017, ruling out at the same time that the economy is in the deflationary territory. Regarding the start of the hiking cycle, Carney slipped the possibility of the first rate hike in 2016.
GBP/USD levels to watch
As of writing the pair is gaining 0.45% at 1.5310 with the next hurdle at 1.5353 (high Feb.6) and then 1.5400 (psychological level). On the other hand, a breakdown of 1.5297 (low Feb.10) would aim for 1.5196 (10-d MA) and then 1.5171 (50% of 1.4998-1.5353).
GBP/USD firmer following Carney
The pair remains on a firmer footing on Thursday after the appreciations of Governor Mark Carney within the Quarterly Inflation Report by the BoE. Carney stressed that consumer prices in the UK economy could drop below the zero level in the upcoming months although they could return to levels around 2% towards early 2017, ruling out at the same time that the economy is in the deflationary territory. Regarding the start of the hiking cycle, Carney slipped the possibility of the first rate hike in 2016.
GBP/USD levels to watch
As of writing the pair is gaining 0.45% at 1.5310 with the next hurdle at 1.5353 (high Feb.6) and then 1.5400 (psychological level). On the other hand, a breakdown of 1.5297 (low Feb.10) would aim for 1.5196 (10-d MA) and then 1.5171 (50% of 1.4998-1.5353).