12 May 2015
GBP/USD key levels As of writing the pair is losing 0.07% at 1.5574 with the next support at 1.5564 (low May 12) ahead of 1.5523 (high May 8) and finally 1.5500 (psychological level). On the flip sid
FXStreet (Edinburgh) - The sterling is picking up pace now, pushing GBP/USD to session highs beyond the 1.5600 handle.
GBP/USD advances further on data
The pair has seen its upside renewed after Industrial Production and Manufacturing Production in the UK economy have surpassed expectations during March, expanding 0.5% and 0.4% on a monthly basis, respectively.
The pair is now following its European peer backed by a solid performance from the German debt markets. Next on tap in the British economy will be the NIESR GDP Estimate on the three months ended in April (0.6% prev.).
GBP/USD key levels
As of writing the pair is up 0.30% at 1.5633 with the next resistance at 1.5676 (high Dec.18) ahead of 1.5753 (high Dec.17) and then 1.5785 (high Dec.16). On the flip side, a break below 1.5498 (high Apr.29) would expose 1.5393 (low May 11) and finally 1.5335 (10-d MA).
GBP/USD advances further on data
The pair has seen its upside renewed after Industrial Production and Manufacturing Production in the UK economy have surpassed expectations during March, expanding 0.5% and 0.4% on a monthly basis, respectively.
The pair is now following its European peer backed by a solid performance from the German debt markets. Next on tap in the British economy will be the NIESR GDP Estimate on the three months ended in April (0.6% prev.).
GBP/USD key levels
As of writing the pair is up 0.30% at 1.5633 with the next resistance at 1.5676 (high Dec.18) ahead of 1.5753 (high Dec.17) and then 1.5785 (high Dec.16). On the flip side, a break below 1.5498 (high Apr.29) would expose 1.5393 (low May 11) and finally 1.5335 (10-d MA).