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19 May 2015
GBP/USD flat around 1.5650
FXStreet (Edinburgh) -The sterling is trading almost unchanged vs. the US dollar on Tuesday, taking GBP/USD to the mid-1.5600s so far.
GBP/USD focus on UK data
The pair has regained the 1.5650/60 band after falling as low as the 1.5630 area overnight, all amidst a continuation of the upside momentum in the dollar. The pound will remain under pressure however, as inflation figures are due in the British economy.
Prior surveys expect UK headline consumer prices to have risen at a monthly pace of 0.4% during April and to come in flat over the last twelve months, while Core prices would have risen 1.0% on a yearly basis.
GBP/USD key levels
As of writing the pair is up 0.01% at 1.5657 with the next resistance at 1.5700 (psychological level) ahead of 1.5745 (high May 18) and then 1.5809 (high May 15). On the flip side, a break below 1.5650 (low May 18) would open the door to 1.5603 (200-d MA) and finally 1.5558 (low May 12).
GBP/USD focus on UK data
The pair has regained the 1.5650/60 band after falling as low as the 1.5630 area overnight, all amidst a continuation of the upside momentum in the dollar. The pound will remain under pressure however, as inflation figures are due in the British economy.
Prior surveys expect UK headline consumer prices to have risen at a monthly pace of 0.4% during April and to come in flat over the last twelve months, while Core prices would have risen 1.0% on a yearly basis.
GBP/USD key levels
As of writing the pair is up 0.01% at 1.5657 with the next resistance at 1.5700 (psychological level) ahead of 1.5745 (high May 18) and then 1.5809 (high May 15). On the flip side, a break below 1.5650 (low May 18) would open the door to 1.5603 (200-d MA) and finally 1.5558 (low May 12).