Back
10 Sep 2015
GBP/USD eases to 1.5350
FXStreet (Edinburgh) - After a brief attempt to session tops near 1.5380, GBP/USD is now picking up downside pace and testing the vicinity of 1.5340.
GBP/USD weaker ahead of UK events
The pair is extending yesterday’s offered tone ahead of the opening bell in Europe, trimming part of the moderate gains seen during the first half of the week after bouncing off the mid-1.5100s.
Next of relevance in spot will be the BoE MPC meeting and subsequent minutes. Prior surveys are not expecting any modification of the monetary stance, with rates unchanged at 0.5% and the asset purchase facility at £375 billion. Markets also see a repetition of the 8-1 voting pattern, with McCafferty being the only dissenter.
GBP/USD levels to watch
As of writing the pair is down 0.09% at 1.5355 and a breach of 1.5270 (low Sep.8) would open the door to 1.5150 (low May 6) and finally 1.5089 (low May 5). On the upside, the next barrier lines up at 1.5406 (high Sep.8) ahead of 1.5437 (high Aug.31) and then 1.5505 (high Aug.27).
GBP/USD weaker ahead of UK events
The pair is extending yesterday’s offered tone ahead of the opening bell in Europe, trimming part of the moderate gains seen during the first half of the week after bouncing off the mid-1.5100s.
Next of relevance in spot will be the BoE MPC meeting and subsequent minutes. Prior surveys are not expecting any modification of the monetary stance, with rates unchanged at 0.5% and the asset purchase facility at £375 billion. Markets also see a repetition of the 8-1 voting pattern, with McCafferty being the only dissenter.
GBP/USD levels to watch
As of writing the pair is down 0.09% at 1.5355 and a breach of 1.5270 (low Sep.8) would open the door to 1.5150 (low May 6) and finally 1.5089 (low May 5). On the upside, the next barrier lines up at 1.5406 (high Sep.8) ahead of 1.5437 (high Aug.31) and then 1.5505 (high Aug.27).