GBP/USD Picks Up Pace, 1.44 Closer
The sterling has now accelerated its upside momentum, taking GBP/USD to the vicinity of the critical barrier at 1.4400 the figure.
GBP/USD stronger ahead of Carney
Spot
is trading at shouting distance from the 1.4400 handle after another
poor results from the US calendar, where both Building Permits and
Housing Starts have disappointed initial forecasts during the month of
March.
GBP keeps its buoyancy today, lifting the
pair for the second straight session ahead of the speech by BoE
M.Carney and tomorrow’s key UK labour market figures
GBP/USD levels to consider
As
of writing the pair is up 0.76% at 1.4386 and a breakout of 1.4442
(100-day sma) would aim for 1.4460 (high Mar.30) and then 1.4517 (high
Mar.18). On the other hand, the immediate support aligns at 1.4173 (50%
Fibo of 1.3833-1.4517) ahead of 1.4088 (low Apr.14) and then 1.4004 (low
Apr.6).
