19 Jan 2015
GBP/USD flat around 1.5140
FXStreet (Edinburgh) - The sterling is following the rest of the risk-associated assets at the beginning of the week, with GBP/USD sidelining around 1.5140/45.
GBP/USD focus on BoE, UK data
Very interesting calendar this week for the sterling, as the BoE minutes are due on Wednesday followed by the key jobs report. Consensus expects the Claimant Count to have decreased by 25K during December and the unemployment rate to have ticked lower to 5.9% from 6.0% in the three months ended in November. Today’s inactivity in the US markets plus an empty docket in the UK will leave spot to the mercy of the risk trends, with the greenback trading mixed against its competitors so far.
GBP/USD key levels
At the moment the pair is down 0.12% at 1.5140 with the next 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 1.5200 (psychological level) and finally 1.5211 (23.6% of 1.5785-1.5304).
GBP/USD focus on BoE, UK data
Very interesting calendar this week for the sterling, as the BoE minutes are due on Wednesday followed by the key jobs report. Consensus expects the Claimant Count to have decreased by 25K during December and the unemployment rate to have ticked lower to 5.9% from 6.0% in the three months ended in November. Today’s inactivity in the US markets plus an empty docket in the UK will leave spot to the mercy of the risk trends, with the greenback trading mixed against its competitors so far.
GBP/USD key levels
At the moment the pair is down 0.12% at 1.5140 with the next 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 1.5200 (psychological level) and finally 1.5211 (23.6% of 1.5785-1.5304).