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12 Mar 2015
GBP/USD feels vertigo at 1.5000 and falls towards daily lows
FXStreet (Tokyo) - The British Pound was unable to break above the 1.5000 against the US dollar and after falling around 100 pips from 1.5025, the GBP/USD is now trading at daily lows around 1.4920.
Currently, GBP/USD is trading at 1.4931, down 0.02% on the day, having posted a daily high at 1.5028 and low at 1.4910. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is also neutral.
As FXStreet American session manager Ani Salama reported earlier in the day, "the pound was slightly affected by BoE Carney’s comments, who was speaking at manufacturing research centre in Sheffield. BoE Governor said UK economy has a solid expansion but expressed concerns about downside inflation risks."
Sterling to Dollar exchange rate levels
If the GBP/USD extends decline below 1.4920, it will find supports at 1.4900 and 1.4880. To the upside, resistances are at 1.5000, 1.5020 and 1.5100.
Currently, GBP/USD is trading at 1.4931, down 0.02% on the day, having posted a daily high at 1.5028 and low at 1.4910. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is also neutral.
As FXStreet American session manager Ani Salama reported earlier in the day, "the pound was slightly affected by BoE Carney’s comments, who was speaking at manufacturing research centre in Sheffield. BoE Governor said UK economy has a solid expansion but expressed concerns about downside inflation risks."
Sterling to Dollar exchange rate levels
If the GBP/USD extends decline below 1.4920, it will find supports at 1.4900 and 1.4880. To the upside, resistances are at 1.5000, 1.5020 and 1.5100.