The sterling is now quickly losing ground vs. the greenback, dragging GBP/USD to the 1.5080 area post-BoE, UK data.
GBP/USD hurt by BoE vote, data
Spot saw its recent gains eroded after the BoE showed an unanimous vote favoring the current status quo – rates at 0.5% and asset purchase facility at £375 billion – from a 9-2 vote in the previous meeting. Regarding the labour market, the Claimant Count decreased more than expected 29.7K in December while the unemployment rate ticked lower to 5.8% in the three months ended in November, bettering expectations.
GBP/USD relevant levels
As of writing the pair is down 0.41% ay 1.5090 with the next support at 1.5058 (low Jan.20) followed by 1.5034 (18-month low Jan.8) and finally 1.5028 (low Jul.15 2013). On the flip side, a break above 1.5200 (high Jan.20) would open the door to 1.5267 (high Jan.15) ahead of 1.5270 (high Jan.14).
GBP/USD hurt by BoE vote, data
Spot saw its recent gains eroded after the BoE showed an unanimous vote favoring the current status quo – rates at 0.5% and asset purchase facility at £375 billion – from a 9-2 vote in the previous meeting. Regarding the labour market, the Claimant Count decreased more than expected 29.7K in December while the unemployment rate ticked lower to 5.8% in the three months ended in November, bettering expectations.
GBP/USD relevant levels
As of writing the pair is down 0.41% ay 1.5090 with the next support at 1.5058 (low Jan.20) followed by 1.5034 (18-month low Jan.8) and finally 1.5028 (low Jul.15 2013). On the flip side, a break above 1.5200 (high Jan.20) would open the door to 1.5267 (high Jan.15) ahead of 1.5270 (high Jan.14).
