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16 Apr 2013
Forex: GBP/USD regains 1.5300 ahead of UK data
FXstreet.com (Barcelona) - The sterling recovered from yesterday sell-off and is back around the key mark at 1.5300 on Tuesday, ahead of inflation figures in the UK economy for the month of March. Prior surveys signal an annual expansion of the CPI of 2.8% and 2.3% for the Core print. Producer price Index and Retail Prices are also due.
Ahead in the week, the pound would remain under pressure, as the BoE minutes are due tomorrow alongside the unemployment rate. On Thursday, UK retail sales are expected to contract 0.5% YoY in March.
GBP/USD is now advancing 0.15% at 1.5308 with the next resistance at 1.5341 (low Apr.12) followed by 1.5409 (high Apr.12) and then 1.5412 (high Apr.11).
On the other hand, a breach of 1.5294 (low Apr.10) would bring 1.5270 (MA10d) and finally 1.5251 (low Apr.9).
Ahead in the week, the pound would remain under pressure, as the BoE minutes are due tomorrow alongside the unemployment rate. On Thursday, UK retail sales are expected to contract 0.5% YoY in March.
GBP/USD is now advancing 0.15% at 1.5308 with the next resistance at 1.5341 (low Apr.12) followed by 1.5409 (high Apr.12) and then 1.5412 (high Apr.11).
On the other hand, a breach of 1.5294 (low Apr.10) would bring 1.5270 (MA10d) and finally 1.5251 (low Apr.9).