19 Nov 2015
GBP/USD around 1.5250 on UK data
FXStreet (Edinburgh) - The sterling remains sort of apathetic after UK’s Retail Sales, taking GBP/USD to the mid-1.5200s.
GBP/USD indifferent after UK data
The pair keeps the composure after UK Retail Sales have missed expectations during October. In fact, headline sales have contracted 0.6% on a monthly basis, while sales excluding the Fuel component dropped 0.9% inter-month vs. forecasts at -0.5% and -0.5%, respectively.
Next of relevance for the pair will be US Initial Claims and the Philly Fed manufacturing survey, along with speeches by Fed’s Lockhart and Fischer.
GBP/USD important levels
The pair is now up 0.08% at 1.5249 facing the immediate resistance at 1.5310 (55-day sma) followed by 1.5385 (76.4% Fibo of 1.5496-1.5023) and finally 1.5417 (100-day sma). On the flip side, a breach of 1.5135 (23.6% Fibo of 1.5496-1.5023) would aim for 1.5023 (low Nov.6) and then 1.4853 (low Apr.22).
GBP/USD indifferent after UK data
The pair keeps the composure after UK Retail Sales have missed expectations during October. In fact, headline sales have contracted 0.6% on a monthly basis, while sales excluding the Fuel component dropped 0.9% inter-month vs. forecasts at -0.5% and -0.5%, respectively.
Next of relevance for the pair will be US Initial Claims and the Philly Fed manufacturing survey, along with speeches by Fed’s Lockhart and Fischer.
GBP/USD important levels
The pair is now up 0.08% at 1.5249 facing the immediate resistance at 1.5310 (55-day sma) followed by 1.5385 (76.4% Fibo of 1.5496-1.5023) and finally 1.5417 (100-day sma). On the flip side, a breach of 1.5135 (23.6% Fibo of 1.5496-1.5023) would aim for 1.5023 (low Nov.6) and then 1.4853 (low Apr.22).