27 Sep 2013
GBP/USD eases from peaks
FXstreet.com (Edinburgh) -The sterling is now fading the overnight spike to the vicinity of 1.6140 on Friday, with the GBP/USD returning below the key support at 1.6100.
GBP/USD bolstered by Carney comments
The sterling found plenty of oxygen in the comments by BoE Governor M.Carney, stressing that there is no need for further stimulus in the UK economy at present, although he did not rule out the possibility of increasing the asset purchases programme should the economy falters. He further defended the current BoE’s forward guidance adding, “This is a policy for the UK as a whole and the point is that businesses and households understand that we are not going to look to raise interest rates until we see the economy really growing”. In the data front, housing prices sponsored by Nationwide expanded above estimates 0.9% MoM and 1.5% over the last twelve.
GBP/USD key levels
The pair is now up 0.33% at 1.6094 with the next resistance at 1.6133 (high Sep.27) followed by 1.6145 (high Sep.19) and then 1.6164 (high Sep.18). On the downside, a break below 1.6025 (MA10d) would open the door to 1.5955 (low Sep.24) and then 1.5893 (low Sep.18).
GBP/USD bolstered by Carney comments
The sterling found plenty of oxygen in the comments by BoE Governor M.Carney, stressing that there is no need for further stimulus in the UK economy at present, although he did not rule out the possibility of increasing the asset purchases programme should the economy falters. He further defended the current BoE’s forward guidance adding, “This is a policy for the UK as a whole and the point is that businesses and households understand that we are not going to look to raise interest rates until we see the economy really growing”. In the data front, housing prices sponsored by Nationwide expanded above estimates 0.9% MoM and 1.5% over the last twelve.
GBP/USD key levels
The pair is now up 0.33% at 1.6094 with the next resistance at 1.6133 (high Sep.27) followed by 1.6145 (high Sep.19) and then 1.6164 (high Sep.18). On the downside, a break below 1.6025 (MA10d) would open the door to 1.5955 (low Sep.24) and then 1.5893 (low Sep.18).