Currency Analyst since 2010

GBP/USD spiked down

GBP/USD spiked down to $1.6020 on the misleading headlines that the Bank of England announced long-term refinancing operations (LRTO); in reality this was a misreporting of routine repo operation. For now the pair returned to the levels just below $1.6100.

Support is at $1.6019/15, $1.6000, $1.5978, $1.5955. Resistance is at $1.6100, $1.6130, $1.6150.

Chart. H1 GBP/USD

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