Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: Cable on track to end a three week losing streak

GBP/USD closed lower on Thursday, was down 0.3 percent at $1.5559, but is on track to end the week higher, snapping the three week losing streak Cable closed lower yesterday despite BoE Carney's comment that UK interest …

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • GBP/USD closed lower on Thursday, was down 0.3 percent at $1.5559, but is on track to end the week higher, snapping the three week losing streak

  • Cable closed lower yesterday despite BoE Carney's comment that UK interest rates could rise "at the turn of this year"

  • But some strategists reckon that the BoE will not risk tightening policy, and potentially stifling growth, before U.S. rates have started to increase

  • Currently the pair is trading at 1.5643, up around 40 pips on the day, with a high of 1.5647 and a low of 1.5602 

  • Immediate resistance is seen at 1.5638 (38.2% Fib0 of June rally), while support lies at 1.5560 (16 July low)

  • With no major UK data due for release, the pair could witness lacklustre trading ahead of the US CPI release

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team