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5 Jun 2013
GBP/USD threatens 1.5400
FXstreet.com (Córdoba) - Following a consolidation phase, the British pound picked up momentum and finally broke above the 1.5370 resistance area versus the dollar, which had been capping the upside this week.
GBP/USD extended gains to a fresh 4-week high of 1.5396 in recent dealings but it stalled just ahead of the 1.5400 psychological level and pulled back. However, the Sterling remains among the best performers on Tuesday, underpinned by better-than-expected UK service PMI data.
Ahead of a bunch of US data, including its own service PMI, the Cable trades at the 1.5370 zone where it records a 0.4% gain.
GBP/USD extended gains to a fresh 4-week high of 1.5396 in recent dealings but it stalled just ahead of the 1.5400 psychological level and pulled back. However, the Sterling remains among the best performers on Tuesday, underpinned by better-than-expected UK service PMI data.
Ahead of a bunch of US data, including its own service PMI, the Cable trades at the 1.5370 zone where it records a 0.4% gain.