GBP/USD wobbling around 1.3400

The sterling keeps its bullish momentum intact at the end of the week, with GBP/USD hovering around the 1.3400 handle.

GBP/USD stronger ahead of Carney

The pair has climbed to 2-week highs near 1.3480 during the Asian session today, although it has given away part of those gains afterwards.

Anyway, GBP remains well underpinned by yesterday’s steady stance from the BoE, leaving unchanged its benchmark rate and the asset purchase facility at 0.50% and £375 billion, respectively, although MPC members later hinted at easing measures likely to be announced next month.

GBP/USD levels to consider

As of writing the pair is gaining 0.54% at 1.3414 facing the next resistance at 1.3481 (session high Jul.15) followed by 1.3535 (high Jun.29) and finally 1.3646 (38.2% Fibo of 1.5020-1.2796). On the flip side, a breakdown of 1.3101 (low Jul.14) would expose 1.2849 (low Jul.11) and then 1.2797 (20916 low Jul.6).