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4 Jun 2015
GBP/USD indifferent on BoE
FXStreet (Edinburgh) - The sterling kept the range vs. the US dollar on Thursday, with GBP/USD now looking to consolidate the recent break above 1.5400 the figure.
GBP/USD muted post-BoE
Once again, the BoE monetary policy meeting probed to be a non-event this month, with spot barely reacting following the decision to keep both the refi rate at 0.5% and the asset purchase facility at £375 billion.
GBP keeps the buoyant tone today, as another sell-off in the German Bunds is giving riskier assets extra legs.
GBP/USD levels to consider
The pair is now up 0.61% at 1.5434 with the next resistance at 1.5444 (high Jun. 4) ahead of 1.5457 (high May 26) and finally 1.5507 (high May 25). On the flip side, a break below 1.5304 (low Jun.4) would open the door to 1.5254 (low Jun.3) and then 1.5200 (psychological level).
GBP/USD muted post-BoE
Once again, the BoE monetary policy meeting probed to be a non-event this month, with spot barely reacting following the decision to keep both the refi rate at 0.5% and the asset purchase facility at £375 billion.
GBP keeps the buoyant tone today, as another sell-off in the German Bunds is giving riskier assets extra legs.
GBP/USD levels to consider
The pair is now up 0.61% at 1.5434 with the next resistance at 1.5444 (high Jun. 4) ahead of 1.5457 (high May 26) and finally 1.5507 (high May 25). On the flip side, a break below 1.5304 (low Jun.4) would open the door to 1.5254 (low Jun.3) and then 1.5200 (psychological level).