Currency Analyst since 2010

GBP/USD: some bearish views

Bank of America Merrill Lynch: Gains should fail to exceed $1.5438, worst case the 200-day MA at $1.5570 before the longer term bear trend resumes for $1.4783/1.4767 and below. An impulsive break of $1.5269 will confirm a top and bear trend resumption.

Standard Bank: Sell GBP/USD at current levels targeting levels below $1.5000 as the Bank of England will meet on Thursday and may take a harder stance on forward guidance, similar to the Fed’s.

Chart. Daily GBP/USD

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