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24 Feb 2015
GBP/USD flat around 1.5450
FXStreet (Edinburgh) - The sterling is trading almost unchanged on Tuesday, posting marginal losses vs. the greenback and taking GBP/USD to the 1.5450 area.
GBP/USD eyes on Carney
After climbing to the vicinity of 1.5480 on Monday, the pair has eased some ground to the 1.5450 region ahead of today’s Inflation Hearings. The main event for the pound today will be the testimony of Governor Carney and Deputy Governors Broadbent and Miles before the Treasury Select Committee on the February’s Quarterly Inflation Report. Market participants expect a continuation of the recent upbeat tone by M.Carney, adding to the recent upside of the pair.
GBP/USD key levels
As of writing the pair is down 0.01% at 1.5455 with the next support at 1.5333 (low Feb.23) ahead of 1.5317 (low Feb.17) and finally 1.5255 (21-d MA). On the upside, a breakout of 1.5480 (high Feb.18) would aim for 1.5490 (daily cloud top) and then 1.5500 (psychological level).
GBP/USD eyes on Carney
After climbing to the vicinity of 1.5480 on Monday, the pair has eased some ground to the 1.5450 region ahead of today’s Inflation Hearings. The main event for the pound today will be the testimony of Governor Carney and Deputy Governors Broadbent and Miles before the Treasury Select Committee on the February’s Quarterly Inflation Report. Market participants expect a continuation of the recent upbeat tone by M.Carney, adding to the recent upside of the pair.
GBP/USD key levels
As of writing the pair is down 0.01% at 1.5455 with the next support at 1.5333 (low Feb.23) ahead of 1.5317 (low Feb.17) and finally 1.5255 (21-d MA). On the upside, a breakout of 1.5480 (high Feb.18) would aim for 1.5490 (daily cloud top) and then 1.5500 (psychological level).