26 Mar 2015
GBP/USD firmer, focus on 1.5000
FXStreet (Edinburgh) - The sterling is trading on a firmer footing on Thursday, now lifting GBP/USD to the 1.4990 band.
GBP/USD stronger post-data
The pair picked up further pace after UK retail sales surprised investors to the upside during February, growing 0.7% inter-month and 5.7% on a yearly basis; excluding the Fuel component, sales also surpassed expectations, up 0.7% MoM and 5.1% YoY.
GBP/USD key levels
At the moment the pair is advancing 0.66% at 1.4981 with then next hurdle at 1.5008 (high Mar.19) followed by 1.5155 (high Mar.18) and then 1.5203 (61.8% of 1.5554-1.4635). On the downside, a break below 1.4866 (10-d MA) would open the door to 1.4848 (200-h MA) and finally 1.4831 (low Mar.25).
GBP/USD stronger post-data
The pair picked up further pace after UK retail sales surprised investors to the upside during February, growing 0.7% inter-month and 5.7% on a yearly basis; excluding the Fuel component, sales also surpassed expectations, up 0.7% MoM and 5.1% YoY.
GBP/USD key levels
At the moment the pair is advancing 0.66% at 1.4981 with then next hurdle at 1.5008 (high Mar.19) followed by 1.5155 (high Mar.18) and then 1.5203 (61.8% of 1.5554-1.4635). On the downside, a break below 1.4866 (10-d MA) would open the door to 1.4848 (200-h MA) and finally 1.4831 (low Mar.25).