23 Mar 2015
GBP/USD extends beyond 1.4900
FXStreet (Edinburgh) - The sterling is now following the rest of the risk-associated assets in their march north, pushing GBP/USD above the 1.4900 handle.
GBP/USD rebounds from 1.4839
Despite the generalized USD weakness, the pair remains in the negative territory hovering over the 1.4920/25 band so far. It will be a very interesting week data-wise for the sterling, as critical inflation figures for the month of February are due tomorrow, Retail Sales on Thursday and speeches by Carney, Broadbent and Haldane on Friday.
The only release today saw March’s Industrial Trends Survey by CBI coming in at 0 vs. 9 expected and down from February’s 10.
GBP/USD key levels
At the moment the pair is losing 0.23% at 1.4923 with the next support at 1.4842 (200-h MA) followed by 1.4689 (low Mar.19) and finally 1.4635 (57-month low Mar.18). On the upside, a break above 1.4990 (high Mar.23) would open the door to 1.5008 (high Mar.19) and then 1.5155 (high Mar.18).
GBP/USD rebounds from 1.4839
Despite the generalized USD weakness, the pair remains in the negative territory hovering over the 1.4920/25 band so far. It will be a very interesting week data-wise for the sterling, as critical inflation figures for the month of February are due tomorrow, Retail Sales on Thursday and speeches by Carney, Broadbent and Haldane on Friday.
The only release today saw March’s Industrial Trends Survey by CBI coming in at 0 vs. 9 expected and down from February’s 10.
GBP/USD key levels
At the moment the pair is losing 0.23% at 1.4923 with the next support at 1.4842 (200-h MA) followed by 1.4689 (low Mar.19) and finally 1.4635 (57-month low Mar.18). On the upside, a break above 1.4990 (high Mar.23) would open the door to 1.5008 (high Mar.19) and then 1.5155 (high Mar.18).