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28 Aug 2013
GBP/USD soars on Carney dovish comments
FXstreet.com (Athens) - The GBP/USD gains more than 50 pips, while Carney comments ‘rates will be on hold until jobs rise in a sustainable fashion’.
GBP/USD spikes above 1.5500 level on Carney mania across the board
The cable jumped more than 50 pips, after the Canadian governor of BoE said that ‘guidance does not prevent the central bank from adding to stimulus and ‘rates will be on hold until jobs rise in a sustainable fashion’. While, just before Carney’s lunchtime talking, the cable being caught under severe pressure, Carney’s comments made cable to jump over 1.5500 area. The BoE governor also said that ‘7% unemployment rate is not a trigger, but a threshold’, boosting sharply the demand for the sterling.
Technical outlook on GBP/USD
At the time of writing, GBP/USD is trading at 1.5521, down 0.15%, after having reached a daily high of 1.5532 The FXstreet.com Trend Index shows the pair to be neutral. Daily pivot point support and resistance can be found at S3: 1.5480 S2: 1.5425 S1: 1.5400 R1:1.5614 R2:1.5643 R3:1.5682
GBP/USD spikes above 1.5500 level on Carney mania across the board
The cable jumped more than 50 pips, after the Canadian governor of BoE said that ‘guidance does not prevent the central bank from adding to stimulus and ‘rates will be on hold until jobs rise in a sustainable fashion’. While, just before Carney’s lunchtime talking, the cable being caught under severe pressure, Carney’s comments made cable to jump over 1.5500 area. The BoE governor also said that ‘7% unemployment rate is not a trigger, but a threshold’, boosting sharply the demand for the sterling.
Technical outlook on GBP/USD
At the time of writing, GBP/USD is trading at 1.5521, down 0.15%, after having reached a daily high of 1.5532 The FXstreet.com Trend Index shows the pair to be neutral. Daily pivot point support and resistance can be found at S3: 1.5480 S2: 1.5425 S1: 1.5400 R1:1.5614 R2:1.5643 R3:1.5682