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GBP/USD Forecast: Eyes UK trade deficit, stuck between 200-DMA and 50-DMA

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Sterling rose to a high of 1.5372 in early Europe before falling back below its 200-DMA and extending losses to 1.5261 levels before once again tuning higher in the NY session to trade above 200-DMA. the BOE voted 8-1 to keep the Bank rate unchanged at 0.5% and decided unanimously to leave the asset purchase program at 375B pound. The main takeaway was that policymakers now believe inflation could remain below 1% until the spring of 2016, which is longer than anticipated. BOE’s Carney was on

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