GBP/USD off lows, near 1.3150 ahead of Carney

The Sterling keeps the bearish note intact today, with GBP/USD now bouncing off fresh 31-year lows in the 1.3120/15 band.

GBP/USD offered after BoE

The pair has regained the mid-1.3100s after the BoE’s Financial Stability Report showed the ‘Old Lady’ needs to reduce the pressure on firms in order to ensure the supply of credit and the provision of financial services.

Furthermore, the BoE will keep monitoring the housing sector as well as investor appetite for UK assets, while it said the current perspective for financial stability is challenging.

GBP/USD levels to consider

As of writing the pair is losing 1.03% at 1.3150 and a breach of 1.3115 (2016 low Jun.27) would open the door to 1.3000 (psychological level). On the other hand, the initial up barrier is located at 1.3533 (high Jun.29) followed by 1.3833 (previous 2016 low Feb.29) and finally 1.4004 (low Apr.6).