5 Mar 2015
GBP/USD indifferent post-BoE
FXStreet (Edinburgh) - The sterling is trading unmotivated following the BoE decision, with GBP/USD round 1.5250/45 so far.
GBP/USD consolidating in the mid-1.5200s
The pair kept the composure after the BoE left unchanged its monetary policy once again this month, with the refi rate at 0.5% and the asset purchase facility at £375 billion, broadly in line with market consensus.
The pair is posting multi-week lows in the mid-1.5200s on the back of a stronger US dollar, which continues to hurt the risk-associated universe and offsetting at the same time the upbeat perspective from the UK economy.
GBP/USD levels to consider
The pair is losing 0.11% at 1.5245 with the next support at 1.5225 (hourly low Mar.5) followed by 1.5210 (low Feb.12) and then 1.5197 (low Feb.10). On the upside, a breakout of 1.5300 (55-d MA) would aim for 1.5344 (low Mar.3) and finally 1.5390 (Tenkan Sen).
GBP/USD consolidating in the mid-1.5200s
The pair kept the composure after the BoE left unchanged its monetary policy once again this month, with the refi rate at 0.5% and the asset purchase facility at £375 billion, broadly in line with market consensus.
The pair is posting multi-week lows in the mid-1.5200s on the back of a stronger US dollar, which continues to hurt the risk-associated universe and offsetting at the same time the upbeat perspective from the UK economy.
GBP/USD levels to consider
The pair is losing 0.11% at 1.5245 with the next support at 1.5225 (hourly low Mar.5) followed by 1.5210 (low Feb.12) and then 1.5197 (low Feb.10). On the upside, a breakout of 1.5300 (55-d MA) would aim for 1.5344 (low Mar.3) and finally 1.5390 (Tenkan Sen).