FXstreet.com (London) – GBP/USD has made a decisive break above the 1.63 level.
The dollar is mostly weaker against other major currencies on the day and Sterling is comfortable in the 1.63 handle. Meanwhile, BBH strategists noted that BoE’s governor Carney announced the end of its mortgage support program, ironically just as the ECB appears to be discussing implementing a similar program. “The Funding for Lending Scheme will now be refocused on businesses instead of home loans. The BoE will also end the measure which relieved banks from their capital requirements against FLS mortgages”.
The 20 DMA is 1.6086, the …read more