OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD flat around 1.5310, focus on BoE

FXStreet (Edinburgh) - The sterling is trading almost unchanged vs. the dollar on Thursday, with GBP/USD hovering over the 1.5310/15 band so far.

GBP/USD attention to the BoE

The pound is looking to extend its winning streak for the third consecutive session so far, prolonging its rebound from recent lows in the 1.5100 neighborhood vs. the greenback and at the same time taking spot to challenge fresh 2-week tops.

Later in the session, the BoE will hold its MPC meeting and it will publish its minutes. Market expectations see another 8-1 vote favouring a steady stance from the central bank, with the refi rate at 0.5% and the asset purchase facility at 3375 billion.

GBP/USD important levels

As of writing the pair is losing 0.02% at 1.5316 and a break below 1.5137 (low Oct.5) would expose 1.5107 (low Oct.1) and then 1.5089 (low May 5). On the flip side, the next hurdle lines up at 1.5347 (200-d sma) followed by 1.5400 (psychological level) and finally 1.5443 (Fibo 38.2% of 1.5658-1.5107).

Czech Republic Unemployment Rate: 6% (September) vs previous 6.2%

Czech Republic Unemployment Rate: 6% (September) vs previous 6.2%
Read more Previous

EUR/USD testing trendline resistance, at session high

The EUR/USD pair ran into a falling trend line (from Aug 24 high -Sep 18 high) resistance at 1.1265 as major European stock markets suffered moderate losses in early session.
Read more Next
Start livechat