13 May 2015
GBP/USD in fresh highs post-UK data
FXStreet (Edinburgh) - The sterling is now gathering further traction vs. the greenback, lifting GBP/USD to test fresh session peaks around 1.5730/35.
GBP/USD in 5-month tops
The pair is clinching multi-month highs after UK’s unemployment rate ticked lower to 5.5% in the three months ended in March, while Average Earnings came in above expectations, rising 1.9% MoM including Bonus and 2.2% MoM excluding Bonus. Further data showed Claimant Count Change decreasing by 12.6K vs. an expected reduction of 20.0K.
Next on tap in the UK economy will be the BoE’s Quarterly Inflation Report followed by the speech by Governor M.Carney.
GBP/USD key levels
As of writing the pair is up 0.38% at 1.5734 with the next resistance at 1.5753 (high Dec.17) followed by 1.5785 (high Dec.16) and then 1.5800 (psychological level). On the flip side, a break below 1.5618 (200-d MA) would open the door to 1.5557 (low May 12) and finally 1.5498 (high Apr.29).
GBP/USD in 5-month tops
The pair is clinching multi-month highs after UK’s unemployment rate ticked lower to 5.5% in the three months ended in March, while Average Earnings came in above expectations, rising 1.9% MoM including Bonus and 2.2% MoM excluding Bonus. Further data showed Claimant Count Change decreasing by 12.6K vs. an expected reduction of 20.0K.
Next on tap in the UK economy will be the BoE’s Quarterly Inflation Report followed by the speech by Governor M.Carney.
GBP/USD key levels
As of writing the pair is up 0.38% at 1.5734 with the next resistance at 1.5753 (high Dec.17) followed by 1.5785 (high Dec.16) and then 1.5800 (psychological level). On the flip side, a break below 1.5618 (200-d MA) would open the door to 1.5557 (low May 12) and finally 1.5498 (high Apr.29).