GBP/USD Loses 1.50

The Carney Crash continues into the new European session. GBP/USD dips under 1.50 in a fresh move lower.

The break under this very round line isn’t confirmed yet.

Cable fell as low as 1.4998 before rising. Markets are somewhat cautious towards the release of the Non-Farm Payrolls report in the US.

Mark Carney, the new governor of the BOE, left his mark from the first meeting, by issuing a statement warning about various interest rates. This statement sent GBP/USD to one of the biggest falls, and now we see an extension of the move.

Below the round number of 1.50, the next significant line is 1.48.

For more, see the GBP/USD forecast.

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile

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