24 Mar 2015
GBP/USD down to 1.4920 on UK CPI
FXStreet (Edinburgh) - The sterling is now depreciating further vs. the greenback, sending GBP/USD to the area of 1.4920.
GBP/USD post data
The sterling lost further ground after headline consumer prices in the UK economy came in flat on a year to February while Core prices advanced less than expected 1.2% (vs. 1.3% forecasted). On a monthly basis the CPI rose 0.3%, matching the median.
Ahead in the week, BBA Mortgage Approvals (Wednesday), Retail Sales (Thursday) and speeches by Governor Carney and MPCs Broadbent and Haldane are also due.
GBP/USD key levels
The pair is now losing 0.23% at 1.4917 with the immediate support at 1.4900 (psychological level) ahead of 1.4858 (100-h MA) and finally 1.4840 (low Mar.23). On the flip side, a breakout of 1.4990 (high Mar.23) would aim for 1.5008 (high Mar.19) and then 1.5155 (high Mar.18).
GBP/USD post data
The sterling lost further ground after headline consumer prices in the UK economy came in flat on a year to February while Core prices advanced less than expected 1.2% (vs. 1.3% forecasted). On a monthly basis the CPI rose 0.3%, matching the median.
Ahead in the week, BBA Mortgage Approvals (Wednesday), Retail Sales (Thursday) and speeches by Governor Carney and MPCs Broadbent and Haldane are also due.
GBP/USD key levels
The pair is now losing 0.23% at 1.4917 with the immediate support at 1.4900 (psychological level) ahead of 1.4858 (100-h MA) and finally 1.4840 (low Mar.23). On the flip side, a breakout of 1.4990 (high Mar.23) would aim for 1.5008 (high Mar.19) and then 1.5155 (high Mar.18).