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6 Aug 2015
GBP/USD above 1.5600 ahead of ‘Super Thursday’
FXStreet (Edinburgh) - The pound remains in a narrow range vs. the greenback on Thursday, with GBP/USD trading in a tight range around 1.5615/20.
GBP/USD attention on BoE
After mixed results from the Industrial and Manufacturing sectors in the UK economy, market participants have now turned their attention to the BoE monetary policy meeting and minutes, followed by the Quarterly Inflation Report and Governor M.Carney’s speech.
In the meantime, spot keeps the trade in the low-1.5600s during the European midday after an ephemeral test of the 1.5590 area, all against a backdrop of a cautious tone amongst traders in light of the BoE events.
GBP/USD levels to watch
At the moment the pair is up 0.08% at 1.5615 facing the next hurdle at 1.5639 (high Aug.6) ahead of 1.5690 (high Jul.29) and finally 1.5734 (high Jul.1). On the flip side, a breakdown of 1.5535 (low Aug.5) would open the door to 1.5490 (low Jul.27) and then 1.5467 (low Jul.244).
GBP/USD attention on BoE
After mixed results from the Industrial and Manufacturing sectors in the UK economy, market participants have now turned their attention to the BoE monetary policy meeting and minutes, followed by the Quarterly Inflation Report and Governor M.Carney’s speech.
In the meantime, spot keeps the trade in the low-1.5600s during the European midday after an ephemeral test of the 1.5590 area, all against a backdrop of a cautious tone amongst traders in light of the BoE events.
GBP/USD levels to watch
At the moment the pair is up 0.08% at 1.5615 facing the next hurdle at 1.5639 (high Aug.6) ahead of 1.5690 (high Jul.29) and finally 1.5734 (high Jul.1). On the flip side, a breakdown of 1.5535 (low Aug.5) would open the door to 1.5490 (low Jul.27) and then 1.5467 (low Jul.244).