Carney’s comments come as music to pound bulls ears as the pound reverses nearly all of it’s losses since the day began.
We’ve trundled up to 1.5180 from the data low of 1.2078 and are just short of the recent highs around 1.5190/95
GBP/USD H4 chart 13 01 2015
EUR/GBP is once again edging towards the 50 fib of the 2000 swing up at 0.7742 but has to overcome the July 2012 support once again at 0.7755 and may find support around here at the 0.7765 level, being the late Sep lows.
EUR/GBP H4 chart 13 01 2015
My cable buying finger is starting to itch and I’d prefer another look towards 1.5000 to hold to then show signs of a bottom. If 1.52 breaks then that could mean we’ll see a push much higher.
