Back
14 Jan 2015
GBP/USD in tight range around 1.5150
FXStreet (Edinburgh) - The sterling is trading without a clear direction vs. the greenback on Wednesday, taking GBP/USD to meander between 1.5140 and 1.5180 so far.
GBP/USD digested CPI figures
Spot seems to be fully recovered after yesterday’s 15-year low from the CPI figures, with consumer prices in the UK economy climbing at an annual pace of 0.5% during December. Poor inflation figures sent the pair to the 1.5080 area, or 3-day lows, although the pound managed to regain the 1.5100 handle and keep the trade in the mid-1.5100s so far. Nothing in terms of data releases ahead in the day, but the speech by Governor M.Carney will be in the centre of attention during the European afternoon.
GBP/USD levels to watch
At the moment the pair is losing 0.06% at 1.5155 with the immediate support at 1.5077 (low Jan.13) followed by 1.5034 (low Jan.8) and then 1.5028 (low Jul.15 2013). On the upside, a breakout of 1.5195 (high Jan.12) would open the door to 1.5211 (23.6% of 1.5785-1.5304) and finally 1.5215 (10-d MA).
GBP/USD digested CPI figures
Spot seems to be fully recovered after yesterday’s 15-year low from the CPI figures, with consumer prices in the UK economy climbing at an annual pace of 0.5% during December. Poor inflation figures sent the pair to the 1.5080 area, or 3-day lows, although the pound managed to regain the 1.5100 handle and keep the trade in the mid-1.5100s so far. Nothing in terms of data releases ahead in the day, but the speech by Governor M.Carney will be in the centre of attention during the European afternoon.
GBP/USD levels to watch
At the moment the pair is losing 0.06% at 1.5155 with the immediate support at 1.5077 (low Jan.13) followed by 1.5034 (low Jan.8) and then 1.5028 (low Jul.15 2013). On the upside, a breakout of 1.5195 (high Jan.12) would open the door to 1.5211 (23.6% of 1.5785-1.5304) and finally 1.5215 (10-d MA).