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17 Jul 2013
BoE minutes next: impact on GBP/USD
FXstreet.com (Edinburgh) -Despite consensus expects no major news from today’s minutes, a lot of expectation has been building up as of late regarding Governor Carney’s vote and the likeliness of further comments on the next steps by the central bank. Further data will come from the labour market, where prior surveys expect the jobless rate to stay put at 7.8% in the three months ended in May.
The sterling is now retaking the key 1.5100 figure although trading in the defensive territory. Key levels to watch in the wake of the events will be yesterday’s peak at 1.5169 followed by 1.5222, high July 11th. On the downside, the initial support lies at 1.5046, July 16th lows ahead of 1.5028, July 15th lows.
“The 1.5130 level still remains as key resistance to overcome, with a candle opening above it a price acceleration trough it to confirm further advances towards 1.5180/1.5200”, commented Valeria Bednarik, Currency Strategist at FXstreet.com.
The sterling is now retaking the key 1.5100 figure although trading in the defensive territory. Key levels to watch in the wake of the events will be yesterday’s peak at 1.5169 followed by 1.5222, high July 11th. On the downside, the initial support lies at 1.5046, July 16th lows ahead of 1.5028, July 15th lows.
“The 1.5130 level still remains as key resistance to overcome, with a candle opening above it a price acceleration trough it to confirm further advances towards 1.5180/1.5200”, commented Valeria Bednarik, Currency Strategist at FXstreet.com.