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20 May 2015
GBP/USD above 1.5500 on BoE
FXStreet (Edinburgh) - The pound has managed to break above the 1.5500 handle vs. the greenback on Wednesday, lifting GBP/USD to daily tops around 1.5520.
GBP/USD indifferent to BoE
The pair remained apathetic however after the BoE reported that the MPC members unanimously voted in favour of keeping the refi rate and the asset purchase programme unchanged at 0.5% and £375 billion, respectively, broadly in line with market expectations.
Without further data releases in the UK economy today, the attention will shift to the FOMC minutes due later in the European evening.
GBP/USD key levels
As of writing the pair is up 0.03% at 1.5518 and a break above 1.5589 (10-d MA) would open the door to 1.5669 (high May 19) and finally 1.5745 (high May 18).
On the flip side, the immediate support lines up at 1.5447 (low May 19) ahead of 1.5393 (low May 11) and then 1.5366 (61.8% of 1.5088-1.5815).
GBP/USD indifferent to BoE
The pair remained apathetic however after the BoE reported that the MPC members unanimously voted in favour of keeping the refi rate and the asset purchase programme unchanged at 0.5% and £375 billion, respectively, broadly in line with market expectations.
Without further data releases in the UK economy today, the attention will shift to the FOMC minutes due later in the European evening.
GBP/USD key levels
As of writing the pair is up 0.03% at 1.5518 and a break above 1.5589 (10-d MA) would open the door to 1.5669 (high May 19) and finally 1.5745 (high May 18).
On the flip side, the immediate support lines up at 1.5447 (low May 19) ahead of 1.5393 (low May 11) and then 1.5366 (61.8% of 1.5088-1.5815).