18 Jun 2015
GBP/USD holding on to 1.5900
FXStreet (Edinburgh) - The bid tone around the pound remains intact on Thursday, with GBP/USD gyrating around 1.5900/10.
GBP/USD in 2015 peaks
After posting fresh ytd tops beyond 1.5920, spot is trying to consolidate the recent breakout of 1.5900 the figure backed by a solid performance of the recent UK releases and the upbeat assessment of the UK economy by the BoE minutes on Wednesday.
There are no further releases in the UK economy today, with US CPI figures and Initial Claims due across the Atlantic. Prior surveys expect headline consumer prices to have risen at an annual pace of 0.2% and Core prices 1.8% YoY.
GBP/USD key levels
At the moment the pair is up 0.53% at 1.5917 and a break above 1.5940 (high Jun.18) would open the door to 1.5945 (high Nov.11) and then 1.6000 (psychological level). On the other hand, the next support lies at 1.5727 (23.6% of 1.5191-1.5893) followed by 1.5542 (low Jun.16) and finally 1.5488 (low Jun.15).
GBP/USD in 2015 peaks
After posting fresh ytd tops beyond 1.5920, spot is trying to consolidate the recent breakout of 1.5900 the figure backed by a solid performance of the recent UK releases and the upbeat assessment of the UK economy by the BoE minutes on Wednesday.
There are no further releases in the UK economy today, with US CPI figures and Initial Claims due across the Atlantic. Prior surveys expect headline consumer prices to have risen at an annual pace of 0.2% and Core prices 1.8% YoY.
GBP/USD key levels
At the moment the pair is up 0.53% at 1.5917 and a break above 1.5940 (high Jun.18) would open the door to 1.5945 (high Nov.11) and then 1.6000 (psychological level). On the other hand, the next support lies at 1.5727 (23.6% of 1.5191-1.5893) followed by 1.5542 (low Jun.16) and finally 1.5488 (low Jun.15).