26 Mar 2015
GBP/USD accelerates above 1.4900
FXStreet (Edinburgh) - The sterling is quickly accelerating the upside today, lifting GBP/USD to the area of 1.4960 so far.
GBP/USD focus on UK data
The better sentiment around the risk-associated universe continues to support the pair, allowing the current rebound to fresh intraday highs. Ahead in the session, key UK retail sales are due, with consensus expecting headline sales to have expanded 0.4% from January to February and 4.7% over the last twelve months.
In addition, speeches by BoE’s Carney, Broadbent and Haldane on Friday will keep the pair under pressure, specially after recent dovish appreciations by the BoE’s Chief Economist, A.Haldane.
GBP/USD key levels
At the moment the pair is advancing 0.44% at 1.4950 with then next hurdle at 1.4984 (high Mar.24) followed by 1.4990 (high Mar.23) and then1.5008 (high Mar.19). On the downside, a break below 1.4859 (10-d MA) would open the door to 1.4845 (200-h MA) and finally 1.4831 (low Mar.25).
GBP/USD focus on UK data
The better sentiment around the risk-associated universe continues to support the pair, allowing the current rebound to fresh intraday highs. Ahead in the session, key UK retail sales are due, with consensus expecting headline sales to have expanded 0.4% from January to February and 4.7% over the last twelve months.
In addition, speeches by BoE’s Carney, Broadbent and Haldane on Friday will keep the pair under pressure, specially after recent dovish appreciations by the BoE’s Chief Economist, A.Haldane.
GBP/USD key levels
At the moment the pair is advancing 0.44% at 1.4950 with then next hurdle at 1.4984 (high Mar.24) followed by 1.4990 (high Mar.23) and then1.5008 (high Mar.19). On the downside, a break below 1.4859 (10-d MA) would open the door to 1.4845 (200-h MA) and finally 1.4831 (low Mar.25).