15 Jul 2015
GBP/USD tests 1.5600 on UK data
FXStreet (Edinburgh) - The offered tone around the sterling is now gathering traction, dragging GBP/USD to fresh session lows in the 1.5600 area.
GBP/USD weaker post-data
The pair shed initial gains after the jobless rate in the UK economy ticked higher to 5.6% on the three months ended in May while Claimant Count Change dropped less than estimated by 7.0K.
Further data showed Average Earnings excluding and including Bonus gaining 2.8% and 3.2% on a yearly basis, respectively, both prints missing expectations.
GBP/USD levels to consider
As of writing the pair is down 0.21% at 1.5604 and a break below 1.5451 (low Jul.14) would open the door to 1.5364 (low Jul.10) and then 1.5330 (low Jul.8). On the flip side, the next hurdle lines up at 1.5675 (high Jul.15) ahead of 1.5700 (psychological level) and finally 1.5734 (high Jul.1).
GBP/USD weaker post-data
The pair shed initial gains after the jobless rate in the UK economy ticked higher to 5.6% on the three months ended in May while Claimant Count Change dropped less than estimated by 7.0K.
Further data showed Average Earnings excluding and including Bonus gaining 2.8% and 3.2% on a yearly basis, respectively, both prints missing expectations.
GBP/USD levels to consider
As of writing the pair is down 0.21% at 1.5604 and a break below 1.5451 (low Jul.14) would open the door to 1.5364 (low Jul.10) and then 1.5330 (low Jul.8). On the flip side, the next hurdle lines up at 1.5675 (high Jul.15) ahead of 1.5700 (psychological level) and finally 1.5734 (high Jul.1).