8 Jul 2015
GBP/USD in fresh lows sub-1.5400
FXStreet (Edinburgh) - The sterling continues to lose ground vs. the greenback on Wednesday, with GBP/USD now navigating the vicinity of 1.5370.
GBP/USD in multi-week lows
The pair has dropped to levels last seen in early June around 1.5370, as the offered tone in the pound is now gathering further traction. The weakness around GBP contrasts with the upbeat performance from its European counterpart so far, prompting a sharp upside in EUR/GBP as a consequence.
In another direction, OECD indicators point to a slowdown in the UK economy, amongst other majors economies.
GBP/USD key levels
At the moment the pair retreating 0.58% at 1.5371 with the immediate support at 1.5257 (low Jun.9) followed by 1.5221 (low Jun.8) and finally 1.5179 (low Jun.2). On the upside, a breakout of 1.5604 (high Jul.7) would open the door to 1.5628 (high Jul.6) and then 1.5644 (high Jul.3).
GBP/USD in multi-week lows
The pair has dropped to levels last seen in early June around 1.5370, as the offered tone in the pound is now gathering further traction. The weakness around GBP contrasts with the upbeat performance from its European counterpart so far, prompting a sharp upside in EUR/GBP as a consequence.
In another direction, OECD indicators point to a slowdown in the UK economy, amongst other majors economies.
GBP/USD key levels
At the moment the pair retreating 0.58% at 1.5371 with the immediate support at 1.5257 (low Jun.9) followed by 1.5221 (low Jun.8) and finally 1.5179 (low Jun.2). On the upside, a breakout of 1.5604 (high Jul.7) would open the door to 1.5628 (high Jul.6) and then 1.5644 (high Jul.3).