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11 May 2015
GBP/USD eyes 1.5500 post-BoE
FXStreet (Edinburgh) - The sterling keeps pushing higher vs. the greenback, with GBP/USD toying with the critical 1.5500 handle.
GBP/USD indifferent to the BoE
The pair remains on track to test the 1.5500 mark after the BoE left its monetary policy unchanged at today’s meeting. The central bank kept the refi rate at 0.5% and the asset purchase facility at £375 billion, matching the broad market expectations.
The sterling is extending the buoyant tone following the results from the UK Parliamentary elections, which saw the Conservative Party winning and thus PM J.Cameron extending its governing period.
GBP/USD relevant levels
As of writing the pair is advancing 0.16% at 1.5481 and a break above 1.5523 (high May 8) would aim for 1.5554 (high Feb.26) and then 1.5570 (38.2% of 1.7192-1.4567). On the downside, the immediate support lines up at 1.5400 (psychological level) ahead of 1.5362 (low May 8) and finally 1.5294 (10-d MA).
GBP/USD indifferent to the BoE
The pair remains on track to test the 1.5500 mark after the BoE left its monetary policy unchanged at today’s meeting. The central bank kept the refi rate at 0.5% and the asset purchase facility at £375 billion, matching the broad market expectations.
The sterling is extending the buoyant tone following the results from the UK Parliamentary elections, which saw the Conservative Party winning and thus PM J.Cameron extending its governing period.
GBP/USD relevant levels
As of writing the pair is advancing 0.16% at 1.5481 and a break above 1.5523 (high May 8) would aim for 1.5554 (high Feb.26) and then 1.5570 (38.2% of 1.7192-1.4567). On the downside, the immediate support lines up at 1.5400 (psychological level) ahead of 1.5362 (low May 8) and finally 1.5294 (10-d MA).