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23 Feb 2015
GBP/USD back from 1.5400
FXStreet (Edinburgh) - The sterling is marginally lower vs. the greenback on Monday, with GBP/USD deflating from overnight highs beyond 1.5400.
GBP/USD eyes on risk
The risk appetite trends and Greek headlines will be the major drivers today in an otherwise calm session in the data front. The only release in the UK economy will be the Distributive Trades Survey by CBI for the present month, although far from being a market mover. More important, Governor Carney and MPC’s Broadbent and Miles will testify tomorrow before the Treasury Committee on the recent Quarterly Inflation Report ahead of the second estimate of the Q4 GDP on Thursday.
GBP/USD key levels
At the moment the pair is losing 0.05% at 1.5379 with the immediate support at 1.5343 (low Feb.20) ahead of 1.5317 (low Feb.17) and then 1.5255 (21-d MA). On the flip side, a break above 1.5434 (high Feb.20) would open the door to 1.5480 (high Fbe.18) and finally 1.5519 (daily cloud top).
GBP/USD eyes on risk
The risk appetite trends and Greek headlines will be the major drivers today in an otherwise calm session in the data front. The only release in the UK economy will be the Distributive Trades Survey by CBI for the present month, although far from being a market mover. More important, Governor Carney and MPC’s Broadbent and Miles will testify tomorrow before the Treasury Committee on the recent Quarterly Inflation Report ahead of the second estimate of the Q4 GDP on Thursday.
GBP/USD key levels
At the moment the pair is losing 0.05% at 1.5379 with the immediate support at 1.5343 (low Feb.20) ahead of 1.5317 (low Feb.17) and then 1.5255 (21-d MA). On the flip side, a break above 1.5434 (high Feb.20) would open the door to 1.5480 (high Fbe.18) and finally 1.5519 (daily cloud top).