15 Oct 2013
GBP/USD back above 1.6000 on UK data
FXstreet.com (Edinburgh) -The sterling has recovered the good mood after the UK inflation figures, pushing the GBP/USD back above 1.6000 the figure.
GBP/USD climbs to fresh highs
The pair posted fresh intraday highs beyond 1.6010 on Tuesday, after consumer prices in the British economy rose above estimates in September, 0.4% inter-month and 2.7% on a yearly basis, matching August’s prints. In the same direction, house prices gauged by the DCLG index rose at an annual pace of 3.8%, beating forecasts at 3.6% and the previous gain of 3.3%. Further data showed Retail Prices advancing 0.4% MoM and 3.2% over the last twelve months.
GBP/USD relevant levels
The pair is now up 0.11% at 1.6000 and a break above 1.6018 (high Oct.18) would aim for 1.6052 (MA21d) and then 1.6061 (MA10d). On the flip side, the next support aligns at 1.5955 (low Oct.14) followed by 1.5923 (low Oct.11) and finally 1.5914 (low Oct.10).
GBP/USD climbs to fresh highs
The pair posted fresh intraday highs beyond 1.6010 on Tuesday, after consumer prices in the British economy rose above estimates in September, 0.4% inter-month and 2.7% on a yearly basis, matching August’s prints. In the same direction, house prices gauged by the DCLG index rose at an annual pace of 3.8%, beating forecasts at 3.6% and the previous gain of 3.3%. Further data showed Retail Prices advancing 0.4% MoM and 3.2% over the last twelve months.
GBP/USD relevant levels
The pair is now up 0.11% at 1.6000 and a break above 1.6018 (high Oct.18) would aim for 1.6052 (MA21d) and then 1.6061 (MA10d). On the flip side, the next support aligns at 1.5955 (low Oct.14) followed by 1.5923 (low Oct.11) and finally 1.5914 (low Oct.10).