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9 Feb 2015
GBP/USD: Bears held off at 1.5200
FXStreet (Guatemala) - GBP/USD is currently trading at 1.5230 with a high of 1.5268 and a low of 1.5199.
GBP/USD has started of on the wrong foot but nothing significant is taking place at the start of the week post the busy Fridays of last weeks business and Nonfarm Payrolls event that propelled the greenback along its onward journey to the upside.
Fundamentally, the BoE are in neutral and the pound is holding up the best to continued bullishness around the US economy and subsequent dollar strength. 1.5200 is so far holding up and this week comes with the BoE inflation report as the main event besides continued pressures coming from the problematic EZ.
GBP/USD has started of on the wrong foot but nothing significant is taking place at the start of the week post the busy Fridays of last weeks business and Nonfarm Payrolls event that propelled the greenback along its onward journey to the upside.
Fundamentally, the BoE are in neutral and the pound is holding up the best to continued bullishness around the US economy and subsequent dollar strength. 1.5200 is so far holding up and this week comes with the BoE inflation report as the main event besides continued pressures coming from the problematic EZ.