15 Sep 2015
GBP/USD in weekly lows near 1.5380
FXStreet (Edinburgh) - The sterling is losing further ground on Tuesday, now dragging GBP/USD to test weekly lows in the 1.5380 area.
GBP/USD attention to UK labour market
After an ephemeral visit to session tops near 1.5460 early in the European morning, the pair has triggered a correction lower to the current lows around 1.5380. Despite US releases today have all missed expectations, the greenback keeps gaining ground, relegating spot to current intraday troughs.
With UK inflation figures already in the rear-view mirror, GBP will now focus on tomorrow’s labour market releases, where Claimant Count Change is expected to have decreased by 5K during last month and the jobless rate is seen at 5.6% in the three months ended in July.
GBP/USD levels to watch
As of writing the pair is down 0.27% at 1.5384 with the next support at 1.5373 (low Sep.14) ahead of 1.5338 (low Sep.10) and finally 1.5299 (low Sep.8). On the flip side, a surpass of 1.5459 (high Sep.15) would target 1.5473 (high Sep.14) en route to1.5505 (high Aug.27).
GBP/USD attention to UK labour market
After an ephemeral visit to session tops near 1.5460 early in the European morning, the pair has triggered a correction lower to the current lows around 1.5380. Despite US releases today have all missed expectations, the greenback keeps gaining ground, relegating spot to current intraday troughs.
With UK inflation figures already in the rear-view mirror, GBP will now focus on tomorrow’s labour market releases, where Claimant Count Change is expected to have decreased by 5K during last month and the jobless rate is seen at 5.6% in the three months ended in July.
GBP/USD levels to watch
As of writing the pair is down 0.27% at 1.5384 with the next support at 1.5373 (low Sep.14) ahead of 1.5338 (low Sep.10) and finally 1.5299 (low Sep.8). On the flip side, a surpass of 1.5459 (high Sep.15) would target 1.5473 (high Sep.14) en route to1.5505 (high Aug.27).