The dollar’s fall is spreading across the pound and euro more than it has of late.
GBP/USD finally overcame the 1.5194 level to cruise into 1.5200 and has now taken off to 1.5267 and is for now holding up at the highs from the 5th and 6th of Jan
GBP/USD H4 chart 14 01 2015
The picture below is a little muddy as I would have liked the first break of 1.52 to have held a dip around the 1.5190/95 level. It didn’t as it dropped to 1.5150 before trying 3 times to break 1.5200 again. That’s where I’ll be watching for any drop to now hold up at to confirm the move higher.
Coming up in a few minutes is MArk Carney at a Treasury select committee meeting on the December 2014 financial stability report. There should be nothing of major interest to come out from it.
