Thursday, October 15, 2026

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GBP/USD elicits support at 1.5053, MPC in focus

Cable 1.5053 flips to support after retreating from 1.5075 (5wk high) 1.5053 was last Friday's high (1.4857 = subsequent low) MPC view about pipeline UK CPI fuels rise to 1.5075 1.51, 1.5155 & 1.5195 (100 DMA) resistance…

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

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  • Cable 1.5053 flips to support after retreating from 1.5075 (5wk high)

  • 1.5053 was last Friday's high (1.4857 = subsequent low)

  • MPC view about pipeline UK CPI fuels rise to 1.5075 

  • 1.51, 1.5155 & 1.5195 (100 DMA) resistance beyond 1.5075/80

  • 1.5155 was Mar 18 high, after USD tanked following FOMC meeting

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By FxWirePro Team