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14 Jan 2015
GBP/USD meeting resistance 1.5180
FXStreet (Guatemala) - GBP/USD is currently trading at 1.5171 with a high of 1.5178 and a low of 1.5157, up 0.04% on the day.
GBP/USD is back on the bid but meeting resistance here as the move from well down through the 1.51 handle in early European trade remains in the pairs shadows despite the comeback on Carneys words.
Initially the pound was in supply post the UK's CPI disappointments but was rescued amid the hawkish rhetoric from the BOE’s Governor saying that rates will stabilise once again and in the near future. The price from here is in bullish territory but losing strength and really, the pair needs to get back onto the 1.52 handle if the bulls are to be relieved of the near term bearish headwinds.
GBP/USD is back on the bid but meeting resistance here as the move from well down through the 1.51 handle in early European trade remains in the pairs shadows despite the comeback on Carneys words.
Initially the pound was in supply post the UK's CPI disappointments but was rescued amid the hawkish rhetoric from the BOE’s Governor saying that rates will stabilise once again and in the near future. The price from here is in bullish territory but losing strength and really, the pair needs to get back onto the 1.52 handle if the bulls are to be relieved of the near term bearish headwinds.