11 Jan 2016
GBP/USD pushes higher near 1.4580
FXStreet (Edinburgh) - The demand for the sterling remains solid at the beginning of the week, now lifting GBP/USD to daily peaks in the 1.4575/80 band.
GBP/USD bounces off 1.4500
After an ephemeral test of fresh multi-year troughs below the 1.4500 handle in early trade, buyers have turned up and lifted the pair to current session highs in the 1.4580 area, so far snapping a 5-session negative streak.
The sterling will take centre stage in the upcoming sessions in light of relevant data in the UK economy: Industrial/Manufacturing Production and NIESR GDP Estimate (Tuesday) and BoE MPC meeting and minutes (Thursday).
GBP/USD important levels
The pair is now up 0.35% at 1.4578 facing the next up-barrier at 1.4947 (high Dec.24) ahead of 1.5029 (55-day sma) and finally 1.5168 (100-day sma). On the other hand, a breakdown of 1.4498 (multi-year lows Jan.11) would expose 1.4346 (low Jun.8 2010) and then 1.4229 (2010 low May 20).
GBP/USD bounces off 1.4500
After an ephemeral test of fresh multi-year troughs below the 1.4500 handle in early trade, buyers have turned up and lifted the pair to current session highs in the 1.4580 area, so far snapping a 5-session negative streak.
The sterling will take centre stage in the upcoming sessions in light of relevant data in the UK economy: Industrial/Manufacturing Production and NIESR GDP Estimate (Tuesday) and BoE MPC meeting and minutes (Thursday).
GBP/USD important levels
The pair is now up 0.35% at 1.4578 facing the next up-barrier at 1.4947 (high Dec.24) ahead of 1.5029 (55-day sma) and finally 1.5168 (100-day sma). On the other hand, a breakdown of 1.4498 (multi-year lows Jan.11) would expose 1.4346 (low Jun.8 2010) and then 1.4229 (2010 low May 20).