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Pound suffering from Scottish referendum syndrome - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik notes that the GBP is unable to climb higher on Tuesday, even though BoE governor Mark Carney signaled that the first rate hike would come in the spring of 2015.

Key quotes

"The GBP/USD traded as high as 1.6156 with the speech, but quickly returned sub 1.61, approaching the fresh multi month low posted early Europe at 1.6064."

"The short term technical picture shows price below a bearish 20 SMA in the 1 hour chart and indicators turning south without real bearish momentum, while the 4 hours chart shows indicators turning south in negative territory, after barely correcting extreme oversold readings ."

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