Sterling is slumping into the year’s lows after the BoE warned markets to expected a slower pace of rate hikes than most were expecting, sending the GBP/USD back into major bottoms. Mid-tier data is on the economic calendar for the GBP for Friday, leaving overall market direction in the hands of USD traders on the upcoming Non-Farm Payrolls release. A decisive break of the 1.3000 major level could see an accelerated drop for the Pound looking forward. GBP/USD Chart, 15-Minute Spot rate: 1.3020 Relative change: 0.09% High: 1.3022 Low: 1.3005 Trend: Bearish Support 1: 1.3005 (current week low) Support 2: 1.2956 (2018 low) Support 3: 1.2900 (major technical level) Resistance 1: 1.3084 (38.2% Fibo retracement level) Resistance 2: 1.3172 (current week high) Resistance 3: 1.3212 (previous week high) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Saudi Arabia reduces oil prices to entice more buyers FX Street 5 years Sterling is slumping into the year's lows after the BoE warned markets to expected a slower pace of rate hikes than most were expecting, sending the GBP/USD back into major bottoms. Mid-tier data is on the economic calendar for the GBP for Friday, leaving overall market direction in the hands of USD traders on the upcoming Non-Farm Payrolls release. A decisive break of the 1.3000 major level could see an accelerated drop for the Pound looking forward. GBP/USD Chart, 15-Minute Spot rate: 1.3020 Relative change: 0.09% High: 1.3022 Low: 1.3005 Trend: Bearish … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
