6 Apr 2015
GBP/USD capped by 1.4950
FXStreet (Edinburgh) - The sterling keeps the upbeat momentum at the beginning of the week, lifting GBP/USD to the mid-1.4900s, or session highs.
GBP/USD focus on the BoE
The pair is extending its upside post-FOMC, although gains still seem somehow limited by the 1.4950 level. Positive results in the UK economy as of late helped spot to leave the 1.4800 neighbourhood, boosted at the same time by a softer tone around the US dollar.
Interesting week ahead of the sterling, as the key Services PMI is due tomorrow (57.0 exp.) followed by Industrial and Manufacturing releases, Trade Balance and the BoE MPC meeting (Wednesday).
GBP/USD levels to watch
The pair is now up 0.13% at 1.4940 with the next hurdle at 1.5000 (psychological level) ahead of 1.5027 (high Mar.12) and then 1.5096 (high Mar.11). On the downside, a breach of 1.4851 (low Mar.29) would aim for 1.4807 (low Mar.26) and finally 1.4796 (low Mar.27).
GBP/USD focus on the BoE
The pair is extending its upside post-FOMC, although gains still seem somehow limited by the 1.4950 level. Positive results in the UK economy as of late helped spot to leave the 1.4800 neighbourhood, boosted at the same time by a softer tone around the US dollar.
Interesting week ahead of the sterling, as the key Services PMI is due tomorrow (57.0 exp.) followed by Industrial and Manufacturing releases, Trade Balance and the BoE MPC meeting (Wednesday).
GBP/USD levels to watch
The pair is now up 0.13% at 1.4940 with the next hurdle at 1.5000 (psychological level) ahead of 1.5027 (high Mar.12) and then 1.5096 (high Mar.11). On the downside, a breach of 1.4851 (low Mar.29) would aim for 1.4807 (low Mar.26) and finally 1.4796 (low Mar.27).