Back
3 Aug 2015
GBP/USD appears supported around 1.5540/60 – BBH
FXStreet (Edinburgh) - Analyst at BBH suggested GBP/USD could find decent support in the 1.5540/60 band.
Key Quotes
“Since the middle of July, sterling has tried and failed to rise above $1.5700 a handful of times”.
“The BOE meeting is expected to see 2-3 hawkish dissents to what is anticipated to be a majority decision to keep policy on hold”.
“The minutes and the inflation report, with an update in macro-forecasts will be announced at the same time”.
“Before the weekend, sterling traded on both sides of Thursday's range. Even though it finished the week at its highest close in two week, it was still neutral”.
“A move above $1.57 would encourage a run toward $1.5800. Support is seen in the $1.5540-$1.5560”.
Key Quotes
“Since the middle of July, sterling has tried and failed to rise above $1.5700 a handful of times”.
“The BOE meeting is expected to see 2-3 hawkish dissents to what is anticipated to be a majority decision to keep policy on hold”.
“The minutes and the inflation report, with an update in macro-forecasts will be announced at the same time”.
“Before the weekend, sterling traded on both sides of Thursday's range. Even though it finished the week at its highest close in two week, it was still neutral”.
“A move above $1.57 would encourage a run toward $1.5800. Support is seen in the $1.5540-$1.5560”.