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Flash: GBP/USD fails to break 200W MA ahead of Carney - BTMU

FXstreet.com (Barcelona) – Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the pound continues to weaken modestly in the near-term after EUR/GBP failed to break below key support from its 200-week moving average which came in at just below the 0.8500-level, and GBP/USD failed to break above key resistance from its 200-week moving average which came in at around the 1.5750-level.

Key Quotes

“The pound is trading on weaker footing heading into today’s speech from BoE Governor Carney.”

“It is his first significant speech since he took over as Governor, and will provide the …read more