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10 Apr 2015
GBP/USD mute don UK data
FXStreet (Edinburgh) - The sterling kept the daily range following the UK releases today, with GBP/USD transiting the area around 1.4670.
GBP/USD indifferent post-data
The pair remains unchanged after the Manufacturing Production in the UK economy expanded 0.4% inter-month in February and 1.1% on a yearly basis; further data showed that the Industrial Production missed forecasts, advancing 0.1% MoM and 0.1% on a year to February.
That was all in the UK docket for the current session, while Export/Import Prices are due across the pond followed by Fed’s Lacker’s speech.
GBP/USD relevant levels
At the moment the pair is retreating 0.21% at 1.4681 with the next support at 1.4635 (57-month low Mar.18) ahead of 1.4600 (psychological level) and finally 1.4505 (low Jun.11 2010). On the flip side, a breakout of 1.4740 (low Apr.1) would open the door to 1.4815 (10d-MA) and then 1.4845 (200-h MA).
GBP/USD indifferent post-data
The pair remains unchanged after the Manufacturing Production in the UK economy expanded 0.4% inter-month in February and 1.1% on a yearly basis; further data showed that the Industrial Production missed forecasts, advancing 0.1% MoM and 0.1% on a year to February.
That was all in the UK docket for the current session, while Export/Import Prices are due across the pond followed by Fed’s Lacker’s speech.
GBP/USD relevant levels
At the moment the pair is retreating 0.21% at 1.4681 with the next support at 1.4635 (57-month low Mar.18) ahead of 1.4600 (psychological level) and finally 1.4505 (low Jun.11 2010). On the flip side, a breakout of 1.4740 (low Apr.1) would open the door to 1.4815 (10d-MA) and then 1.4845 (200-h MA).