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24 Feb 2015
GBP/USD calm around 1.5440
FXStreet (Edinburgh) - The sterling is posting no reaction to Carney’s testimony so far, with GBP/USD hovering over 1.5440/45.
GBP/USD consolidating above 1.5400
The pair is navigating above the 1.5400 handle following Carney’s appreciations before the Treasury Selected Committee on the recent Quarterly Inflation Report. Carney stressed the crisis in the euro area represents a ‘serious issue’ for the UK economy, adding that the central bank remains committed to bring consumer prices towards the target. Regarding Greece, Carney said that a ‘Grexit’ scenario woul have ramifications.
Ahead in the session, Yellen’s testimony will bring in fireworks from the USD-side of the equation.
GBP/USD key levels
As of writing the pair is down 0.08% at 1.5444 with the next support at 1.5333 (low Feb.23) ahead of 1.5317 (low Feb.17) and finally 1.5255 (21-d MA). On the upside, a breakout of 1.5480 (high Feb.18) would aim for 1.5490 (daily cloud top) and then 1.5500 (psychological level).
GBP/USD consolidating above 1.5400
The pair is navigating above the 1.5400 handle following Carney’s appreciations before the Treasury Selected Committee on the recent Quarterly Inflation Report. Carney stressed the crisis in the euro area represents a ‘serious issue’ for the UK economy, adding that the central bank remains committed to bring consumer prices towards the target. Regarding Greece, Carney said that a ‘Grexit’ scenario woul have ramifications.
Ahead in the session, Yellen’s testimony will bring in fireworks from the USD-side of the equation.
GBP/USD key levels
As of writing the pair is down 0.08% at 1.5444 with the next support at 1.5333 (low Feb.23) ahead of 1.5317 (low Feb.17) and finally 1.5255 (21-d MA). On the upside, a breakout of 1.5480 (high Feb.18) would aim for 1.5490 (daily cloud top) and then 1.5500 (psychological level).