The sterling keeps giving away previous gains vs. the greenback, relegating GBP/USD to the 1.5215/10 area.
GBP/USD coming down from 1.5350
The buoyant tone around the pound bolstered this week’s ascent to 3-week highs in the mid-1.5300s, boosted after the BoE left its monetary policy unchanged in its last meeting and the Services PMI bettered consensus in January.
Following the rest of the risk-associated assets, the pair partially eroded the recent upside following today’s solid print from the US labour market, currently challenging the 1.5200 key support.
Ahead in the week, the BoE Quarterly Inflation Report will grab all the attention, followed by gauges from the industrial and manufacturing sectors.
GBP/USD levels to consider
At the moment the pair is retreating 0.74% at 1.5223 with the next support at 1.5200 (psychological level) ahead of 1.5170 (low Feb.5) and then 1.5149 (10-d MA). On the flip side, a surpass of 1.5284 (10-h MA) would expose 1.5300 (psychological level) and finally 1.5353 (high Feb.6).
GBP/USD coming down from 1.5350
The buoyant tone around the pound bolstered this week’s ascent to 3-week highs in the mid-1.5300s, boosted after the BoE left its monetary policy unchanged in its last meeting and the Services PMI bettered consensus in January.
Following the rest of the risk-associated assets, the pair partially eroded the recent upside following today’s solid print from the US labour market, currently challenging the 1.5200 key support.
Ahead in the week, the BoE Quarterly Inflation Report will grab all the attention, followed by gauges from the industrial and manufacturing sectors.
GBP/USD levels to consider
At the moment the pair is retreating 0.74% at 1.5223 with the next support at 1.5200 (psychological level) ahead of 1.5170 (low Feb.5) and then 1.5149 (10-d MA). On the flip side, a surpass of 1.5284 (10-h MA) would expose 1.5300 (psychological level) and finally 1.5353 (high Feb.6).
