12 May 2015
GBP/USD flat lined near 1.5570
FXStreet (Edinburgh) - The sterling is trading almost unchanged vs. the US dollar on Tuesday, with GBP/USD flat lining around 1.5570.
GBP/USD eyes on UK data
The broader sentiment in the global markets remains flat during the first half of the week so far, with traders digesting last Friday’s US Payrolls and catching up with the results from the UK Parliamentary elections.
In the data front, the only releases in the UK will be the Industrial Production and Manufacturing Production during March, expected to come in at 0.0% and 0.3% on a monthly basis, respectively.
GBP/USD key levels
As of writing the pair is losing 0.07% at 1.5574 with the next support at 1.5564 (low May 12) ahead of 1.5523 (high May 8) and finally 1.5500 (psychological level). On the flip side, a breakout of 1.5592 (high May 12) would expose 1.5613 (high May 11) and then 1.5620 (high Dec.31).
GBP/USD eyes on UK data
The broader sentiment in the global markets remains flat during the first half of the week so far, with traders digesting last Friday’s US Payrolls and catching up with the results from the UK Parliamentary elections.
In the data front, the only releases in the UK will be the Industrial Production and Manufacturing Production during March, expected to come in at 0.0% and 0.3% on a monthly basis, respectively.
GBP/USD key levels
As of writing the pair is losing 0.07% at 1.5574 with the next support at 1.5564 (low May 12) ahead of 1.5523 (high May 8) and finally 1.5500 (psychological level). On the flip side, a breakout of 1.5592 (high May 12) would expose 1.5613 (high May 11) and then 1.5620 (high Dec.31).