Back

GBP/USD holding above 1.5200

FXstreet.com (Barcelona) - The GBP/USD foreign exchange rate is last quoted at 1.5208, off early NY session fresh 2-week highs at 1.5267, up +0.66% for the week so far on the back of Pound strength following better than expected UK unemployment.

GBP/USD to hang around till UK data

According to FX Charts analyst Jim Langlands, “it looks as though we may hang around here for the coming session, at least until the UK Retail Sales. On the topside, if the session high (100DMA:1.5260) can be overcome then we may head towards 1.5280 (1.5750/1.4813). A break of this would hint at a run beyond 1.5305 (3 July high) towards 1.5388 (61.8%) but looks unlikely today.”

GBP/USD key technical levels

Immediate support to the downside for GBP/USD lies at past Thursday's Asian session highs 1.5198, followed by Tuesday's highs at 1.5170, and yesterday's lows at 1.5077. To the upside, closest resistance shows at July 11 highs 1.5224, followed by overnight's fresh 2-week highs at 1.5267, and July 03 highs at 1.5303.

Flash: QE in UK a foregone conclusion? – RBS

Although QE in the UK appears to be off the cards in the near-term (well into 2014) two factors make us cautious about penning its obituary just yet, suggests the RBS Research Team.
Leia mais Previous

Flash: Bernanke rundown, US economy in focus – NAB

Recapping the previous session, equities had a somewhat muted positive reaction to Ben Bernanke’s speech overnight and other events, however US housing data was disappointing but some good earning reports, notably from Bank of America, helped the US market, notes Robert Henderson, an analyst at NAB.
Leia mais Next