{"id":77086,"date":"2015-08-19T06:46:14","date_gmt":"2015-08-19T10:46:14","guid":{"rendered":"http:\/\/countingpips.com\/?p=77086"},"modified":"2015-08-19T07:06:50","modified_gmt":"2015-08-19T11:06:50","slug":"sterling-edges-higher-on-hawkish-boe-comments","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/08\/sterling-edges-higher-on-hawkish-boe-comments\/","title":{"rendered":"Sterling Edges Higher on Hawkish BoE Comments"},"content":{"rendered":"<div id=\"inves-2734567044\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 19, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Sterling held steady despite a dip in the Markit household spending finance index which showed a dip to a 2015 low.\u00a0 It appears that Hawkish comments from BoE MPC member Miles trumped the softer than expected economic news, allowing the GBP\/USD currency pair to remain buoyed above its 50-day moving average.<\/p>\n<p>Outgoing BoE MPC member Miles sounded hawkish in saying that the turning in point is coming \u201cpretty soon.\u201d His remarks, with regard to UK interest rates pushed Cable up slightly higher.\u00a0 Miles is leaving on Aug-31 and he will be replaced a Gertjan Vlieghe, who is widely consider as likely to join the more dovish majority at the MPC. Vlieghe is a former BoE employee and has since been a director at Deutsche Bank.<\/p>\n<p>Sterling has been hovering near the 50-day moving average since the beginning of July stuck in a tight range between 1.54 and 1.57.\u00a0 Momentum on the currency pair has been sapped with the MACD (moving average convergence divergence) index printing near the zero index level.\u00a0 The relative strength index (RSI) moved higher with price action reflecting accelerating positive momentum but the current print of 58 is in the middle of the neutral range.<\/p>\n<p><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/08\/gbp-081915.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-8750\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/08\/gbp-081915-300x193.jpg\" alt=\"gbp-081915\" width=\"300\" height=\"193\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p><div id=\"inves-1193178865\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Sterling held steady despite a dip in the Markit household spending finance index which showed a dip to a 2015 low.\u00a0 It appears that Hawkish comments from BoE MPC member Miles trumped the softer than expected economic news, allowing the GBP\/USD currency pair to remain buoyed above its 50-day moving average. Outgoing [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-77086","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/77086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=77086"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/77086\/revisions"}],"predecessor-version":[{"id":77088,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/77086\/revisions\/77088"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=77086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=77086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=77086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}