7 Apr 2015
GBP/USD dips to lows near 1.4820
FXStreet (Edinburgh) - The sterling is now losing further ground vs. the US dollar, confining GBP/USD to trade in session lows around 1.4820.
GBP/USD down from 1.4920
The pair lost almost a big-figure since daily tops at 1.4920 today, in response to the strong bid tone in the greenback. The pound could not sustain the initial reticent stance after the UK Services PMI came in above expectations for the month of March, succumbing to the broader weakness in the risk-associated universe.
Ahead in the week, the FOMC minutes (Wednesday) will dictate the rules in the very near term, ahead of UK’s Trade Balance figures and the BoE MPC meeting due on Thursday.
GBP/USD levels to consider
At the moment the pair is down 0.37% at 1.4824 and a break below 1.4812 (low Apr.3) would expose 1.4800 (psychological level) and then 1.4775 (low Apr.2). On the upside, the initial hurdle lines up at 1.4981 (high Apr.6) ahead of 1.4995 (high Mar.26) and then 1.5008 (high Mar.19).
GBP/USD down from 1.4920
The pair lost almost a big-figure since daily tops at 1.4920 today, in response to the strong bid tone in the greenback. The pound could not sustain the initial reticent stance after the UK Services PMI came in above expectations for the month of March, succumbing to the broader weakness in the risk-associated universe.
Ahead in the week, the FOMC minutes (Wednesday) will dictate the rules in the very near term, ahead of UK’s Trade Balance figures and the BoE MPC meeting due on Thursday.
GBP/USD levels to consider
At the moment the pair is down 0.37% at 1.4824 and a break below 1.4812 (low Apr.3) would expose 1.4800 (psychological level) and then 1.4775 (low Apr.2). On the upside, the initial hurdle lines up at 1.4981 (high Apr.6) ahead of 1.4995 (high Mar.26) and then 1.5008 (high Mar.19).