7 Feb 2014
GBP/USD awaits more from BoE
FXStreet (Guatemala) - GBP/USD has levelled out sub 1.6400 after a rally from 1.6330 post the Non Farm Payrolls disappointment and now awaits next weeks Quarterly Inflation Report.
Investec Bank dealers noted that Mark Carney and the other MPC members are in no rush to raise interest rates, with the market expectantly waiting for them to announce a plan as to how they will navigate policy in light of the fall in unemployment. “It now seems any new guidance will be previewed with next Wednesday’s Quarterly Inflation Report”.
GBP/USD Levels
The 20 DMA is 1.6448, the 50 DMA is 1.6418 and the 200 DMA is1.5836. RSI (14) reads 37.08. Supports are ascending from 1.6198, 1.6205, 1.6252, 1.6272 and 1.6353. Spot is 1.6395 while resistances are 1.6411 and 1.6427.
Investec Bank dealers noted that Mark Carney and the other MPC members are in no rush to raise interest rates, with the market expectantly waiting for them to announce a plan as to how they will navigate policy in light of the fall in unemployment. “It now seems any new guidance will be previewed with next Wednesday’s Quarterly Inflation Report”.
GBP/USD Levels
The 20 DMA is 1.6448, the 50 DMA is 1.6418 and the 200 DMA is1.5836. RSI (14) reads 37.08. Supports are ascending from 1.6198, 1.6205, 1.6252, 1.6272 and 1.6353. Spot is 1.6395 while resistances are 1.6411 and 1.6427.