6 Feb 2014
GBP/USD uninspired by BoE
FXStreet (Córdoba) - The GBP/USD barely moved after the Bank of England decision to keep rates and asset purchases unchanged in February.
The decision was widely expected, having little impact on the pound, that failed to pick up momentum and edged only a tad higher to the 1.6310 area against the dollar. At time of writing, the GBP/USD is trading at the 1.6290 zone, just where it was before the BoE announcement.
GBP/USD levels to watch
In terms of technical levels, the GBP/USD could find immediate resistances at 1.6328 (Feb 6 high), 1.6340/44 (Feb 5 & 4 highs/100-hour SMA) and 1.6400 (psychological level). On the other hand, supports are seen at 1.6272 (Feb 6 low), 1.6245 (100-day SMA) and 1.6200 (psychological level).
The decision was widely expected, having little impact on the pound, that failed to pick up momentum and edged only a tad higher to the 1.6310 area against the dollar. At time of writing, the GBP/USD is trading at the 1.6290 zone, just where it was before the BoE announcement.
GBP/USD levels to watch
In terms of technical levels, the GBP/USD could find immediate resistances at 1.6328 (Feb 6 high), 1.6340/44 (Feb 5 & 4 highs/100-hour SMA) and 1.6400 (psychological level). On the other hand, supports are seen at 1.6272 (Feb 6 low), 1.6245 (100-day SMA) and 1.6200 (psychological level).