10 Mar 2015
GBP/USD recovery falters ahead of 1.5100
FXStreet (Córdoba) - GBP/USD is going through a phase of consolidation near 1-month lows as the latest bounce attempt was capped ahead of the 1.5100 level.
GBP/USD made a marginal 1-month low of 1.5027, but the subsequent recovery found resistance at 1.5090, confining the pair to a narrow range over the last hours. At time of writing, the pair is trading at 1.5057, 0.45% below its opening price.
With not much in the economic calendar, the dollar extends gains across the board as investors increase bets the Federal reserve could start hiking rates sometime mid-year following stronger-than-expected employment figures.
Meanwhile, EUR/GBP fell to its lowest level since Dec 2007 at 0.7128 as the euro continues to weaken with ECB QE and Greek concerns.
GBP/USD made a marginal 1-month low of 1.5027, but the subsequent recovery found resistance at 1.5090, confining the pair to a narrow range over the last hours. At time of writing, the pair is trading at 1.5057, 0.45% below its opening price.
With not much in the economic calendar, the dollar extends gains across the board as investors increase bets the Federal reserve could start hiking rates sometime mid-year following stronger-than-expected employment figures.
Meanwhile, EUR/GBP fell to its lowest level since Dec 2007 at 0.7128 as the euro continues to weaken with ECB QE and Greek concerns.