10 Jul 2015
GBP/USD near highs on UK data
FXStreet (Edinburgh) - The pound kept the composure following the UK data releases today, with GBP/USD around session highs in the mid-1.5400s.
GBP/USD little reaction post-UK data
The pair remained almost indifferent after UK’s trade deficit surprised investors to the upside during May, coming in at £8.0 billion vs. £9.70 billion initially forecasted and £9.39 billion from the previous month.
Spot keeps the upside well alive in a context where the risk-on trade continues to prevail in response to rising hopes on a deal between Greece and the EU institutions.
GBP/USD levels to consider
As of writing the pair is advancing 0.47% at 1.5453 with the next hurdle at 1.5458 (high Jul.10) ahead of 1.5467 (high Jul.8) and finally 1.5628 (high Jul.6). On the other hand, a break below 1.5364 (low Jul.10) would aim for 1.5330 (low Jul.8) and then 1.5221 (low Jun.8).
GBP/USD little reaction post-UK data
The pair remained almost indifferent after UK’s trade deficit surprised investors to the upside during May, coming in at £8.0 billion vs. £9.70 billion initially forecasted and £9.39 billion from the previous month.
Spot keeps the upside well alive in a context where the risk-on trade continues to prevail in response to rising hopes on a deal between Greece and the EU institutions.
GBP/USD levels to consider
As of writing the pair is advancing 0.47% at 1.5453 with the next hurdle at 1.5458 (high Jul.10) ahead of 1.5467 (high Jul.8) and finally 1.5628 (high Jul.6). On the other hand, a break below 1.5364 (low Jul.10) would aim for 1.5330 (low Jul.8) and then 1.5221 (low Jun.8).