9 Apr 2015
GBP/USD flat around 1.4860
FXStreet (Edinburgh) - The sterling is trading almost unchanged vs. the dollar on Thursday, with GBP/USD meandering around 1.4860/65.
GBP/USD eyes on data, BoE
The pair has retraced the spike to the boundaries of the psychological mark at 1.5000 in past sessions, bolstered by positive data in the UK docket and moves in the M&A sector. However, the resurgence of the greenback and Wednesday’s FOMC minutes took a toll on spot and dragged it back below 1.4900.
Ahead in the session, the Trade Balance figures are due, with bets around a deficit of £ 9.0 billion during February. The BoE MPC meeting will follow, although market participants have already ruled out any surprise.
GBP/USD levels to consider
At the moment the pair is losing 0.01% at 1.4865 facing the next support at 1.4851 (low Apr.9) ahead of 1.4803 (low Apr.7) and then 1.4775 (low Apr.2). On the flip side, a breakout of 1.4972 (high Apr.8) would open the door to 1.4981 (high Apr.6) and finally 1.4995 (high Mar.26).
GBP/USD eyes on data, BoE
The pair has retraced the spike to the boundaries of the psychological mark at 1.5000 in past sessions, bolstered by positive data in the UK docket and moves in the M&A sector. However, the resurgence of the greenback and Wednesday’s FOMC minutes took a toll on spot and dragged it back below 1.4900.
Ahead in the session, the Trade Balance figures are due, with bets around a deficit of £ 9.0 billion during February. The BoE MPC meeting will follow, although market participants have already ruled out any surprise.
GBP/USD levels to consider
At the moment the pair is losing 0.01% at 1.4865 facing the next support at 1.4851 (low Apr.9) ahead of 1.4803 (low Apr.7) and then 1.4775 (low Apr.2). On the flip side, a breakout of 1.4972 (high Apr.8) would open the door to 1.4981 (high Apr.6) and finally 1.4995 (high Mar.26).