GBP/USD Clinches Highs Near 1.4450

GBP/USD Clinches Highs Near 1.4450

2 June 2016, 09:37
Roberto Jacobs

GBP/USD Clinches Highs Near 1.4450

The sterling met some buying pressure early in Europe today, lifting GBP/USD to the mid-1.4400s, or dailyhighs.

GBP/USD firmer ahead of Carney

It seems the pair has recovered the smile today following two consecutive pullbacks from Tuesday’s peaks in levels above the 1.4700 handle, in response to a pick-up of the ‘Leave’ vote in the UK-EU Referendum on June 23, according to latest poll results.

Ahead in the session, UK’s Construction PMI is due for release followed by the speech by Governor M.Carney. Across the pond, US Initial Claims and the ADP report are expected along with speeches by FOMC’s Powell, Kaplan and Dudley.

GBP/USD levels to consider

As of writing the pair is up 0.17% at 1.4436 and a surpass of 1.4510 (20-day sma) would open the door to 1.4744 (high May 26) and then 1.4770 (high May 3). On the flip side, the next support aligns at 1.4386 (low Jun.1) ahead of 1.4342 (100-day sma) and finally 1.4330 (low May 16).


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