18 Feb 2015
GBP/USD upside stalled at 1.5440
FXStreet (Edinburgh) - The sterling keeps the upbeat tone on Wednesday, lifting GBP/USD to fresh 7-week highs around 1.5440.
GBP/USD boosted by data, BoE
The pound saw its demand renewed after the very auspicious results from the UK labour market, where the jobless rate ticked lower to multi-year low at 5.7% and the unemployment decreased more than expected by 38.6K during January.
In addition, the BoE published its minutes and showed the MPC unanimously vote to leave unchanged both the asset purchase facility and the refi rate, at £375 billion and 0.5%, respectively.
GBP/USD relevant levels
At the moment the pair is up 0.43% at 1.5424 with the next resistance at 15441 (high Feb.16) followed by 1.5486 (low Dec.23) and then 1.5500 (psychological level). On the flip side, a breach of 1.5317 (low Feb.17) would aim for 1.5312 (10-d MA) and finally 1.5210 (low Feb.12).
GBP/USD boosted by data, BoE
The pound saw its demand renewed after the very auspicious results from the UK labour market, where the jobless rate ticked lower to multi-year low at 5.7% and the unemployment decreased more than expected by 38.6K during January.
In addition, the BoE published its minutes and showed the MPC unanimously vote to leave unchanged both the asset purchase facility and the refi rate, at £375 billion and 0.5%, respectively.
GBP/USD relevant levels
At the moment the pair is up 0.43% at 1.5424 with the next resistance at 15441 (high Feb.16) followed by 1.5486 (low Dec.23) and then 1.5500 (psychological level). On the flip side, a breach of 1.5317 (low Feb.17) would aim for 1.5312 (10-d MA) and finally 1.5210 (low Feb.12).