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7 Feb 2013
Forex: GBP/USD challenging Wednesday’s highs, around 1.5670
The sterling is following its European peer on Thursday, hovering over the area around 1.5670 and printing fresh highs at the same time.
More than interesting calendar for the pound, as the BoE will hold its MPC meeting and the UK will publish the trade balance figures and the industrial/manufacturing production. The future BoE governor, M.Carney will give a speech, grabbing traders’ attention as well.
At the moment, the cross is up 0.05% at 1.5670 facing the next hurdle at 1.5748 (MA10d) ahead of 1.5805 (high Feb.5) and then 1.5872 (MA21d).
On the opposite side, a breakdown of 1.5628 (low Feb.5) would expose 1.5578 (low Aug.10) and finally 1.5573 (low Aug.8).
More than interesting calendar for the pound, as the BoE will hold its MPC meeting and the UK will publish the trade balance figures and the industrial/manufacturing production. The future BoE governor, M.Carney will give a speech, grabbing traders’ attention as well.
At the moment, the cross is up 0.05% at 1.5670 facing the next hurdle at 1.5748 (MA10d) ahead of 1.5805 (high Feb.5) and then 1.5872 (MA21d).
On the opposite side, a breakdown of 1.5628 (low Feb.5) would expose 1.5578 (low Aug.10) and finally 1.5573 (low Aug.8).