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Berita dagangan
23 Apr 2015
GBP/USD extends recovery near 1.5020
FXStreet (Mumbai) - GBP/USD trims losses and wavers above 1.50 handle during the mid-European session, although recovering partial losses, as traders still continue to digest deteriorating UK retail sales numbers against the backdrop of looming elections in Britain.
GBP/USD weakness persists
The GBP/USD pair trades -0.19% at 1.5007, in another run towards fresh session highs at 1.5018 levels. The GBP/USD pair erased partial losses as the US dollar fell back in red versus its major competitors ahead of upcoming US macro releases.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies drops to fresh session lows at 98.08, down -0.15% on the day.
Earlier in the session, the cable dropped below 1.50 handle after retail sales in the UK failed to meet market expectations in March due mainly to a sharp drop in fuel sales.
GBP/USD Levels to consider
The pair has an immediate resistance at 1.5040 (Today’s High) above which gains could be extended to 1.5080 (April 22 High) levels. On the flip side, support is seen at 1.4914 (April 22 Low) below which it could extend losses to 1.4886 (April 20 Low) levels.
GBP/USD weakness persists
The GBP/USD pair trades -0.19% at 1.5007, in another run towards fresh session highs at 1.5018 levels. The GBP/USD pair erased partial losses as the US dollar fell back in red versus its major competitors ahead of upcoming US macro releases.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies drops to fresh session lows at 98.08, down -0.15% on the day.
Earlier in the session, the cable dropped below 1.50 handle after retail sales in the UK failed to meet market expectations in March due mainly to a sharp drop in fuel sales.
GBP/USD Levels to consider
The pair has an immediate resistance at 1.5040 (Today’s High) above which gains could be extended to 1.5080 (April 22 High) levels. On the flip side, support is seen at 1.4914 (April 22 Low) below which it could extend losses to 1.4886 (April 20 Low) levels.