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28 Feb 2014
GBP/USD hopes for inflation, and reaches 1.6742
FXStreet (Moscow) - GBP/USD reached 1,6742 high on stronger than expected housing data.
GBP may be pressured by Carney
The pound is still on the move higher getting fuel from better than expected Nationwide house price index. The yearly number was much better than expected – 9.4% vs 9.0% forecast. It means that the inflation in housing may have a spill-over effect on the whole market, and thus pressuring the BOE to launch tightening earlier than planned. As a result, the pair rose above 1.67 reaching 1.6742 high by the moment. There are more offers around 1,6750, thus the further move up may be limited by this level for the time being.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6667, with support below at 1.6633, 1.6583 and 1.6549, with resistance above at 1.6717, 1.6751, and 1.6801. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6674, and the daily 20EMA bullish at 1.6597. Hourly RSI is neutral at 53.
GBP may be pressured by Carney
The pound is still on the move higher getting fuel from better than expected Nationwide house price index. The yearly number was much better than expected – 9.4% vs 9.0% forecast. It means that the inflation in housing may have a spill-over effect on the whole market, and thus pressuring the BOE to launch tightening earlier than planned. As a result, the pair rose above 1.67 reaching 1.6742 high by the moment. There are more offers around 1,6750, thus the further move up may be limited by this level for the time being.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6667, with support below at 1.6633, 1.6583 and 1.6549, with resistance above at 1.6717, 1.6751, and 1.6801. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6674, and the daily 20EMA bullish at 1.6597. Hourly RSI is neutral at 53.