1 May 2015
GBP/USD drops to lows at 1.5330
FXStreet (Edinburgh) - The sterling is now losing the grip vs. the US dollar, sending GBP/USD to test fresh intraday lows around 1.5330.
GBP/USD weaker post data
The pair saw its decline renewed after a set of UK releases came in mixed today: Manufacturing PMI dropped to 51.9 for the month of April vs. 54.6 forecasted and 54.0 previous, Mortgage Approvals declined to 61.34K during March from 61.52. On the positive side, M4 Money Supply advanced at a monthly pace of 0.3%, BoE Consumer Credit rose to £1.242 billion and Net Lending to Individuals rose to £3.1 billion.
GBP/USD key levels
At the moment the pair is retreating 0.17% at 1.5325 with the next support at 1.5304 (low Apr.30) followed by 1.5173 (low Apr.28) and then 1.5106 (low Apr.27). On the upside, a break above 1.5400 (psychological level) would expose 1.5420 (61.8% of 1.5492-1.5304) and finally 1.5498 (high Feb.29).
GBP/USD weaker post data
The pair saw its decline renewed after a set of UK releases came in mixed today: Manufacturing PMI dropped to 51.9 for the month of April vs. 54.6 forecasted and 54.0 previous, Mortgage Approvals declined to 61.34K during March from 61.52. On the positive side, M4 Money Supply advanced at a monthly pace of 0.3%, BoE Consumer Credit rose to £1.242 billion and Net Lending to Individuals rose to £3.1 billion.
GBP/USD key levels
At the moment the pair is retreating 0.17% at 1.5325 with the next support at 1.5304 (low Apr.30) followed by 1.5173 (low Apr.28) and then 1.5106 (low Apr.27). On the upside, a break above 1.5400 (psychological level) would expose 1.5420 (61.8% of 1.5492-1.5304) and finally 1.5498 (high Feb.29).