9 Apr 2015
GBP/USD keeps lows post-UK data
FXStreet (Edinburgh) - The pound remains mired in the negative territory on Thursday, dragging GBP/USD to the area of session lows in 1.4775/70.
GBP/USD muted on trade data
The pair kept the composure despite the UK’s trade deficit widened to £10.34 billion during February, missing expectations for a £9.0 billion deficit and coming down from January’s £9.17 billion deficit. Previously, house prices tracked by Halifax rose 0.4% on a monthly basis during March.
Next of relevance will be the BoE MPC meeting, with consensus pointing at a repetition of the recent voting pattern and unchanged rates and asset purchase facility.
GBP/USD levels to consider
At the moment the pair is losing 0.55% at 1.4784 facing the next support at 1.4740 (low Apr.1) followed by 1.4722 (low Mar.20) and then 1.4689 (low Mar.19). On the flip side, a breakout of 1.4854 (200-h MA) would aim for 1.4972 (high Apr.8) and finally 1.4981 (high Apr.6).
GBP/USD muted on trade data
The pair kept the composure despite the UK’s trade deficit widened to £10.34 billion during February, missing expectations for a £9.0 billion deficit and coming down from January’s £9.17 billion deficit. Previously, house prices tracked by Halifax rose 0.4% on a monthly basis during March.
Next of relevance will be the BoE MPC meeting, with consensus pointing at a repetition of the recent voting pattern and unchanged rates and asset purchase facility.
GBP/USD levels to consider
At the moment the pair is losing 0.55% at 1.4784 facing the next support at 1.4740 (low Apr.1) followed by 1.4722 (low Mar.20) and then 1.4689 (low Mar.19). On the flip side, a breakout of 1.4854 (200-h MA) would aim for 1.4972 (high Apr.8) and finally 1.4981 (high Apr.6).