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22 May 2015
GBP/USD supported near 1.5610
FXStreet (Edinburgh) - The pound is now bouncing off session lows near 1.5610 vs. the US dollar, with GBP/USD regaining the 1.5640/45 band.
GBP/USD capped by 1.5700
Spot is snapping a 2-session positive streak today, coming up from weekly lows in the boundaries of 1.5400 the figure (Tuesday), albeit gains seem to remain capped by the 1.5700 area.
In the data front, UK’s Public Sector Net Borrowing bettered estimates at £6.03 billion during April vs. £7.9 billion forecasted and March’s £6.06 billion. Next of relevance in the pair will the inflation figures in the US economy, with headline CPI expected at -0.1% YoY during the last month.
GBP/USD key levels
As of writing the pair is down 0.16% at 1.5636 with the next support at 1.5473 (low May 20) followed by 1.5447 (low May 19) and then 1.5393 (low May 11). On the flip side, a breakout of 1.5691 (high May 22) would open the door to 1.5700 (psychological level) and finally 1.5745 (high May 18).
GBP/USD capped by 1.5700
Spot is snapping a 2-session positive streak today, coming up from weekly lows in the boundaries of 1.5400 the figure (Tuesday), albeit gains seem to remain capped by the 1.5700 area.
In the data front, UK’s Public Sector Net Borrowing bettered estimates at £6.03 billion during April vs. £7.9 billion forecasted and March’s £6.06 billion. Next of relevance in the pair will the inflation figures in the US economy, with headline CPI expected at -0.1% YoY during the last month.
GBP/USD key levels
As of writing the pair is down 0.16% at 1.5636 with the next support at 1.5473 (low May 20) followed by 1.5447 (low May 19) and then 1.5393 (low May 11). On the flip side, a breakout of 1.5691 (high May 22) would open the door to 1.5700 (psychological level) and finally 1.5745 (high May 18).