FXstreet.com (Córdoba) - GBP/USD has moved north after bottoming out at 1.6347 earlier, as the euro weakened allowing the Sterling to erase losses against the hegemonic currency. EUR/GBP fell toward a 2-day low at 0.8892 after reaching a 1-month peak at 0.8974.
Cable was beaten earlier as Moody's warned the UK could lose its "AAA" rating on the back of its bleak growth perspectives.
However, GBP/USD has recovered near 40 pips from lows and is challenging the 1.6400 mark. The high has been 1.6407 so far. At time of writing, GBP/USD is trading at the 1.6390/1.6400 area, recording a 0.25% loss on the day, while EUR/GBP quotes at daily lows around 0.8900.
Valeria Bednarik, chief analyst at FXstreet.com sees next resistance levels for GBP/USD at 1.6400, 1.6440 and 1.6470, while she locates next support levels at 1.6344, 1.6310 and 1.6250.
Cable was beaten earlier as Moody's warned the UK could lose its "AAA" rating on the back of its bleak growth perspectives.
However, GBP/USD has recovered near 40 pips from lows and is challenging the 1.6400 mark. The high has been 1.6407 so far. At time of writing, GBP/USD is trading at the 1.6390/1.6400 area, recording a 0.25% loss on the day, while EUR/GBP quotes at daily lows around 0.8900.
Valeria Bednarik, chief analyst at FXstreet.com sees next resistance levels for GBP/USD at 1.6400, 1.6440 and 1.6470, while she locates next support levels at 1.6344, 1.6310 and 1.6250.
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