7 Aug 2015
http://www.fxstreet.es/analisis/el-escner-del-da/2015/08/07/
FXStreet (Edinburgh) - The sterling manages to keep the trade above the 1.5500 handle vs. the greenback, with GBP/USD navigating the 1.5515/20 band do far.
GBP/USD indifferent on UK releases
The pair remained apathetic despite the trade deficit in the UK economy came in lower than expected at £9.18 billion during June vs. £9.30 billion forecasted. The deficit, however, is wider than May’s £8.42 billion.
Spot is alternating gains with losses today after yesterday’s unexpected dovish stance from the Bank of England and ahead of July’s Non-farm Payrolls due later in the US economy (223K exp.).
GBP/USD levels to watch
At the moment the pair is losing 0.66% at 1.5498 and a breakdown of 1.5492 (low Aug.6) would open the door to 1.5490 (low Jul.27) and then 1.5467 (low Jul.244). On the upside, the initial hurdle lines up at 1.5639 (high Aug.6) ahead of 1.5690 (high Jul.29) and finally 1.5734 (high Jul.1).
GBP/USD indifferent on UK releases
The pair remained apathetic despite the trade deficit in the UK economy came in lower than expected at £9.18 billion during June vs. £9.30 billion forecasted. The deficit, however, is wider than May’s £8.42 billion.
Spot is alternating gains with losses today after yesterday’s unexpected dovish stance from the Bank of England and ahead of July’s Non-farm Payrolls due later in the US economy (223K exp.).
GBP/USD levels to watch
At the moment the pair is losing 0.66% at 1.5498 and a breakdown of 1.5492 (low Aug.6) would open the door to 1.5490 (low Jul.27) and then 1.5467 (low Jul.244). On the upside, the initial hurdle lines up at 1.5639 (high Aug.6) ahead of 1.5690 (high Jul.29) and finally 1.5734 (high Jul.1).