Back
13 Mar 2015
GBP/USD challenges 1.4800
FXStreet (Edinburgh) - The sterling is intensifying its slide vs. the greenback at the end of the week, with GBP/USD hovering over the 1.4800 key support.
GBP/USD weaker on Carney comments
The pair tested 20-month lows around 1.4800 the figure, although managed to regain some pips towards the current 1.4830 area afterwards. The renewed selling pressure around the pound follows yesterday’s comments by Governor M.Carney, stating that GBP-strength could result in a slower pace of rate hikes and could have certain effects on core consumer prices.
GBP/USD levels to consider
The pair is now losing 51% at 1.4808 with the next support at 1.4803 (low Jun.23 2010) ahead of 1.4700 (psychological level) and then 1.4688 (low Jun.22 2010). On the other hand, a break above 1.4897 (high Mar.13) would target 1.5029 (high Mar.12) and finally 1.5100 (psychological level).
GBP/USD weaker on Carney comments
The pair tested 20-month lows around 1.4800 the figure, although managed to regain some pips towards the current 1.4830 area afterwards. The renewed selling pressure around the pound follows yesterday’s comments by Governor M.Carney, stating that GBP-strength could result in a slower pace of rate hikes and could have certain effects on core consumer prices.
GBP/USD levels to consider
The pair is now losing 51% at 1.4808 with the next support at 1.4803 (low Jun.23 2010) ahead of 1.4700 (psychological level) and then 1.4688 (low Jun.22 2010). On the other hand, a break above 1.4897 (high Mar.13) would target 1.5029 (high Mar.12) and finally 1.5100 (psychological level).