18 Aug 2015
GBP/USD remains close to 1.5700
FXStreet (Edinburgh) - The sterling keeps the buoyant tone on Tuesday, taking GBP/USD to the area of daily tops in the 1.5700 neighbourhood.
GBP/USD bolstered by UK data
Despite the upside momentum of the US dollar, the sterling derived support from the better-than-expected inflation figures released earlier in the UK economy, where consumer prices came in higher than initially anticipated for the month of July.
Spot quickly clinched multi-week tops beyond 1.5700 the figure, managing (so far) to break above the tough resistance area around 1.5680.
GBP/USD key levels
At the moment the pair is up 0.68% at 1.5693 with the next resistance at 1.5719 (high Aug.18) ahead of 1.5734 (high Jul.1) and then 1.5789 (high Jun.29). On the other hand, a breach of 1.5562 (low Aug.18) would open the door to 1.5536 (low Aug.12) and finally 1.5500 (psychological level).
GBP/USD bolstered by UK data
Despite the upside momentum of the US dollar, the sterling derived support from the better-than-expected inflation figures released earlier in the UK economy, where consumer prices came in higher than initially anticipated for the month of July.
Spot quickly clinched multi-week tops beyond 1.5700 the figure, managing (so far) to break above the tough resistance area around 1.5680.
GBP/USD key levels
At the moment the pair is up 0.68% at 1.5693 with the next resistance at 1.5719 (high Aug.18) ahead of 1.5734 (high Jul.1) and then 1.5789 (high Jun.29). On the other hand, a breach of 1.5562 (low Aug.18) would open the door to 1.5536 (low Aug.12) and finally 1.5500 (psychological level).