GBP/USD Through 1.45 on Brexit Polls
A bout of buying interest sent the sterling to session highs vs. the dollar, with GBP/USD quickly leaving behind the 1.4500 barrier to climb to the vicinity of 1.4550.
GBP/USD stronger ahead of BoE Inflation Report
Spot has retaken the 1.4500 handle after latest results from ORB
International for the Daily Telegraph showed the ‘Remain’ vote keeps the
lead with 55% vs. the ‘Leave’ vote with 42%.
Spot is thus snapping a 2-day negative streak, refocusing on last week’s
tops around 1.4660 ahead of the testimonies by BoE’s Carney, Broadbent,
Weale and Vlieghe before the Treasury Select Committee Hearing.
GBP/USD levels to consider
As of writing the pair is advancing 0.38% at 1.4541 facing the immediate
hurdle at 1.4666 (high May 19) ahead of 1.4770 (high May 3) and then
1.4815 (2016 high Jan.4). On the other hand, a breakdown of 1.4365
(20-day sma) would aim for 1.4335 (100-day sma) and finally 1.4330 (low
May 16).
