30 Jan 2015
GBP/USD flat around 1.5070
FXStreet (Edinburgh) - The sterling keeps the composure vs. the greenback following the UK releases, with GBP/USD now transiting the area of 1.5060/70.
GBP/USD muted post-UK data
The pair remains in range after UK Mortgage Approvals increased to 60.275K during December, bettering estimates; on the other hand M4 Money Supply expanded 0.1% MoM, Net Lending to Individuals dropped to £2.2 billion and Consumer Credit eased to £0.578 billion, all results coming in below the median.
GBP/USD key levels
At the moment the pair is up 0.01% at 1.5068 and a breakout of 1.5100 (psychological level) would expose 1.5141 (21-d MA) and then 1.5161 (high Jan.29). On the downside, a breach of 15018 (low Jan.29) would open the door to 1.4972 (low Jan.26) and then 1.4952 (low Jan.23).
GBP/USD muted post-UK data
The pair remains in range after UK Mortgage Approvals increased to 60.275K during December, bettering estimates; on the other hand M4 Money Supply expanded 0.1% MoM, Net Lending to Individuals dropped to £2.2 billion and Consumer Credit eased to £0.578 billion, all results coming in below the median.
GBP/USD key levels
At the moment the pair is up 0.01% at 1.5068 and a breakout of 1.5100 (psychological level) would expose 1.5141 (21-d MA) and then 1.5161 (high Jan.29). On the downside, a breach of 15018 (low Jan.29) would open the door to 1.4972 (low Jan.26) and then 1.4952 (low Jan.23).