10 Jul 2015
GBP/USD shoots to 1.5450
FXStreet (Edinburgh) - The sterling is following the better tone in the risk-associated universe today, lifting GBP/USD to the mid 1.5400s, or session tops.
GBP/USD attention to Greece, UK data
The pair is extending its intraday upside, accelerated after Greek authorities submitted the set of new proposals last night. A Greece-EU deal now seems closer, boosting the riskier assets and prompting buyers to return to the markets.
In the data sphere, UK trade balance figures are due next, with consensus expecting the trade deficit to have widened to £9.65 billion during May.
GBP/USD levels to consider
As of writing the pair is advancing 0.38% at 1.5439 with the next hurdle at 1.5452 (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 attention to Greece, UK data
The pair is extending its intraday upside, accelerated after Greek authorities submitted the set of new proposals last night. A Greece-EU deal now seems closer, boosting the riskier assets and prompting buyers to return to the markets.
In the data sphere, UK trade balance figures are due next, with consensus expecting the trade deficit to have widened to £9.65 billion during May.
GBP/USD levels to consider
As of writing the pair is advancing 0.38% at 1.5439 with the next hurdle at 1.5452 (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).