OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: GBP/USD flat around 1.5485/90

FXstreet.com (Barcelona) - Increasing risk appetite is now pushing the sterling from session lows against the greenback on Wednesday in the area of 1.5485/90, in another attempt to regain the key 1.5500 figure and recover part of yesterday’s losses.

“The weakness is likely to be short-lived as the central bank is widely expected to maintain its current policy in May…. However, as we anticipate another 6-3 split within the MPC, the committee may refrain from releasing a policy statement, but the BoE may look to switch gears later this year as the region is expected to face above-target inflation over the policy horizon”, assessed David Song, Currency Analyst at DailyFX.

At the moment GBP/USD is flat at 1.5485 and a break above 1.5599 (high May 6) would expose 1.5603 (high May 3) and then 1.5607 (high May 1).

Forex: EUR/USD eyes 1.3100 on Chinese data

Better risk-on tone after the Chinese trade data is lifting the sentiment around the single currency on Wednesday, pushing the cross to the current region of 1.3090/95 ahead of the German...
Read more Previous

Forex Flash: USD/JPY – tuff at the top

USD/JPY has had some hard times in the 99 lvl this week and has failed to test the 100.00, having made it to 99.17 over night only to attract more offers as traders see these levels as the yen over sold and an opportunity to cash in.
Read more Next
Start livechat