27 Jul 2015
GBP/USD bounces off 1.5500
FXStreet (Edinburgh) - The sterling is now gather further pace vs. the dollar, pushing GBP/USD back to the vicinity of 1.5530.
GBP/USD attention to GDP figures
The pair is following the broader trends in the risk-associated universe at the beginning of the week, rebounding from recent lows in the 1.5480 area. Spot is correcting lower after being rejected twice around 1.5670 in the last couple of weeks, despite the hawkish appreciations by Governor Carney and other BoE MPC members.
Next of note in the pair will be tomorrow’s flash GDP figures for the second quarter, with consensus expecting the British economy to have expanded 0.7% inter-quarter and 2.6% over the last twelve months.
GBP/USD key levels
The pair is now advancing 0.11% at 1.5522 facing the next resistance at 1.5546 (high Jul.27) followed by 1.5648 (high Jul.22) and then 1.5670 (high Jul.23). On the other hand, a break below 1.5490 (low Jul.27) would expose 1.5467 (low Jul.24) and finally 1.5391 (low Jul.10).
GBP/USD attention to GDP figures
The pair is following the broader trends in the risk-associated universe at the beginning of the week, rebounding from recent lows in the 1.5480 area. Spot is correcting lower after being rejected twice around 1.5670 in the last couple of weeks, despite the hawkish appreciations by Governor Carney and other BoE MPC members.
Next of note in the pair will be tomorrow’s flash GDP figures for the second quarter, with consensus expecting the British economy to have expanded 0.7% inter-quarter and 2.6% over the last twelve months.
GBP/USD key levels
The pair is now advancing 0.11% at 1.5522 facing the next resistance at 1.5546 (high Jul.27) followed by 1.5648 (high Jul.22) and then 1.5670 (high Jul.23). On the other hand, a break below 1.5490 (low Jul.27) would expose 1.5467 (low Jul.24) and finally 1.5391 (low Jul.10).