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2 Mar 2015
GBP/USD holding on to 1.5400
FXStreet (Edinburgh) - The sterling is trading within a narrow range against the US dollar at the beginning of the week, with GBP/USD clinging to the 1.5400 handle.
GBP/USD muted post data
The pair paid no attention to the lower-than-expected home prices tracked by Nationwide during February, contracting 0.1% inter-month and gaining 5.7% over the last twelve months.
Pretty interesting UK docket ahead in the session, as M4 Money Supply, Markit’s Manufacturing PMI and Mortgage Approvals are all due.
GBP/USD key levels
The pair is now losing 0.23% at 1.5401 with the next support at 1.5389 (cloud top) ahead of 1.5384 (low Feb.27) and then 1.5333 (low Feb.23). On the upside, a surpass of 1.5459 (high Feb.27) would aim for 1.5554 (high Feb.26) and finally 1.5588 (2015 high Jan.2).
GBP/USD muted post data
The pair paid no attention to the lower-than-expected home prices tracked by Nationwide during February, contracting 0.1% inter-month and gaining 5.7% over the last twelve months.
Pretty interesting UK docket ahead in the session, as M4 Money Supply, Markit’s Manufacturing PMI and Mortgage Approvals are all due.
GBP/USD key levels
The pair is now losing 0.23% at 1.5401 with the next support at 1.5389 (cloud top) ahead of 1.5384 (low Feb.27) and then 1.5333 (low Feb.23). On the upside, a surpass of 1.5459 (high Feb.27) would aim for 1.5554 (high Feb.26) and finally 1.5588 (2015 high Jan.2).