Thursday, October 15, 2026

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GBP/USD over eight-and-a-half cents above recent low

GBP/USD is now over eight-and-a-half cents above its recent 1.4567 low Gains spurred by meagre 0.2% US Q1 GDP growth Cable offers may emerge near 1.5450 & 1.55, inclusive of profit-take interest 1.5450 was Mar 2 high. 1.…

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

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  • GBP/USD is now over eight-and-a-half cents above its recent 1.4567 low

  • Gains spurred by meagre 0.2% US Q1 GDP growth  

  • Cable offers may emerge near 1.5450 & 1.55, inclusive of profit-take interest

  • 1.5450 was Mar 2 high. 1.5554 (Feb 26 high) resistance beyond 1.55

  • FOMC statement 1800GMT, relatively dovish steer expected

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By FxWirePro Team