30 Jun 2014
GBP/USD remains on 1.70 handle ahead of key date releases
FXStreet (Guatemala) - GBP/USD is trading at 1.7031, down -0.03% on the day, having posted a daily high at 1.7041 and low at 1.7026.
GBP/USD is well balanced on 1.70 into the start of the week ahead of key data releases in the Manufacturing Purchasing Managers Index (PMI) for the UK and with US manufacturing ISM as well as non-farm payrolls which is on Thursday instead this week as US markets are on holiday on Friday. Meanwhile, from over the weekend, spokesman from the BoE hit the airwaves. Firstly, Executive Director for financial stability and risk Spencer Dale explained that it is not their job to control house prices, nor can they control house prices. Then, Deputy Governor Charlie Bean said that the markets expectations of a rise in UK interest rates at the turn of the year are “reasonable”.
GBP/USD Levels
Spot is presently trading at 1.7031, and next resistance can be seen at 1.7032 (Daily Classic PP), 1.7035 (Daily Open), 1.7037 (Weekly High), 1.7040 (Monthly High) and (Annual High). Support below can be found at 1.7026 (Daily Low), 1.7025 (Hourly 20 EMA), 1.7014 (Weekly Classic PP), 1.7012 (Daily Classic S1) and 1.7007 (Yesterday's Low).
GBP/USD is well balanced on 1.70 into the start of the week ahead of key data releases in the Manufacturing Purchasing Managers Index (PMI) for the UK and with US manufacturing ISM as well as non-farm payrolls which is on Thursday instead this week as US markets are on holiday on Friday. Meanwhile, from over the weekend, spokesman from the BoE hit the airwaves. Firstly, Executive Director for financial stability and risk Spencer Dale explained that it is not their job to control house prices, nor can they control house prices. Then, Deputy Governor Charlie Bean said that the markets expectations of a rise in UK interest rates at the turn of the year are “reasonable”.
GBP/USD Levels
Spot is presently trading at 1.7031, and next resistance can be seen at 1.7032 (Daily Classic PP), 1.7035 (Daily Open), 1.7037 (Weekly High), 1.7040 (Monthly High) and (Annual High). Support below can be found at 1.7026 (Daily Low), 1.7025 (Hourly 20 EMA), 1.7014 (Weekly Classic PP), 1.7012 (Daily Classic S1) and 1.7007 (Yesterday's Low).