According to FXStreet Editor and Analyst, Omkar Godbole, supportive UK data and BoE’s relatively hawkish stance is likely to pour strength into GBP/USD for a further rise towards 1.5329 levels.
Key Quotes
“GBP/USD could test the 50-DMA located at 1.5329 levels in the short-term”
“A status quo policy decision today further underscores the relative hawkish stance of the Bank of England”
“The recent data out of the UK supports further upside in the GBP”
“The GBP may benefit from the search for yield as most other central bankers, except-Fed are expected to ease further.”
“Technically, the pair has finally breached the resistance zone of 1.52-1.5220 and appears to have formed a short-term base around 1.50 levels.”
“The GBP/USD pair could rise to 1.5484 by month end if the US non-farm payrolls data disappoints market expectations tomorrow.”
Key Quotes
“GBP/USD could test the 50-DMA located at 1.5329 levels in the short-term”
“A status quo policy decision today further underscores the relative hawkish stance of the Bank of England”
“The recent data out of the UK supports further upside in the GBP”
“The GBP may benefit from the search for yield as most other central bankers, except-Fed are expected to ease further.”
“Technically, the pair has finally breached the resistance zone of 1.52-1.5220 and appears to have formed a short-term base around 1.50 levels.”
“The GBP/USD pair could rise to 1.5484 by month end if the US non-farm payrolls data disappoints market expectations tomorrow.”
