BOE Carney: UK economy to pick back up after 1Q slump

• UK will need rate hikes at a gentle pace

The GBPUSD trades just above the lows from Friday, Tuesday and again today, before breaking lower and failing on that break. Those low levels comes in at 1.3483-86. The pair trades at 1.3493 currently.  Traders need to see that old floor broken to get more excited about the selling.   Having said that, the price also remains below the 200 day MA and the 100 hour MA at 1.3543. So there is a battle going on between the dip buyers and the sellers below those key MAs above.