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6 Aug 2013
GBP/USD peaking just short of 1.5400
FXstreet.com (New York) - The GBP/USD foreign exchange rate has been in escape velocity in recent moments, surging towards the 1.5400 barrier before topping out at 1.5394.
Presently, the GBP/USD is operating slightly off its highs at 1.5377, still up +0.14% above it’s opening. On the upside, resistances will trigger for the pair at 1.5404, onto 1.5448, and 1.5517, notes the Mataf.net analyst team.
GBP/USD strategic bias
According to the TD Securities Team, “The GBP is only modestly outperforming among the majors despite some strong industrial and manufacturing production figures earlier this morning. The GBP/USD’s gains have likely been tempered though by the forthcoming BoE Inflation Report (due tomorrow), where expectations are that the Bank will introduce forward guidance—a likely weight on the GBP.”
Presently, the GBP/USD is operating slightly off its highs at 1.5377, still up +0.14% above it’s opening. On the upside, resistances will trigger for the pair at 1.5404, onto 1.5448, and 1.5517, notes the Mataf.net analyst team.
GBP/USD strategic bias
According to the TD Securities Team, “The GBP is only modestly outperforming among the majors despite some strong industrial and manufacturing production figures earlier this morning. The GBP/USD’s gains have likely been tempered though by the forthcoming BoE Inflation Report (due tomorrow), where expectations are that the Bank will introduce forward guidance—a likely weight on the GBP.”