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Forex: GBP/USD slightly up around 1.6020

By FXstreet.com,  January 10, 2013, 02:48:00 AM EDT

FXstreet.com (Barcelona) - The sterling is following its European counterpart on Thursday, posting marginal gains in the 1.6020/25 region, ahead of the BoE monetary policy meeting.

Prior surveys expect the central bank commanded by M.King to leave both the repo rate and the Asset Purchase Programme intact at 0.5% and £375 billion, respectively, mainly due to the recent improvement in the UK economy.

The cross is now advancing 0.03% at 1.6028 and a surpass of 1.6129 (high Jan.8) would bring 1.6137 (MA10d) and then 1.6158 (MA21d).
On the flip side, support levels lie at 1.5988 (low Nov.30) ahead of 1.5962 (low Nov.28) and then 1.5920 (low Nov.22).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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