Yesterday, the GBP/USD pair dropped down despite the strong U.K. labour data which showed lower number of people claiming unemployment benefits. The bearish sentiment appeared after investors saw that the Official Bank Rate Votes returned back to 0-0-9 which means that all of the members are against the interest rate increase. Any hope that Bank of England might increase the interest rates in 2015 disappeared. However, the pair remained above 1.5100. Today pay attention to the EU market which may negatively influence the British pound. The movement is sideways. The support line is found at 1.5030 and resistance line at 1.5200.
January 22, 2015 – Forex News
Yesterday, the GBP/USD pair dropped down despite the strong U.K. labour data which showed lower number of people claiming unemployment benefits. The bearish sentiment appeared after investors saw that the Official Bank Rate Votes returned back to 0-0-9 which means that all of the members are against the interest rate increase. Any hope that Bank of England might increase the interest rates in 2015 disappeared. However, the pair remained above 1.5100. Today pay attention to the EU market which may negatively influence the British pound. The movement is sideways. The support line is found at 1.5030 and resistance line at 1.5200.
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