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24 Dec 2014
GBP/USD firming up into the close
FXStreet (Guatemala) - GBP/USD is trading at 1.5552, up 0.30% on the day, having posted a daily high at 1.5559 and low at 1.5500.
GBP/USD has risen back to the support of the 1.5540 level that was broken yesterday when the pair broke down through the 1.56 handle again. US yields improved on the back of the US data flows of this week.
We started out with the Q3 GDP offering the highest growth since 2003. Today we had the fourth consecutive decline in the US weekly jobless claims. This has underpinned the positive outlook for 2015 in the US. In the UK, growth continues to be disappointing. Technically, support lies at 1.5486, while resistance lies at recent congestion of 1.5590.
GBP/USD has risen back to the support of the 1.5540 level that was broken yesterday when the pair broke down through the 1.56 handle again. US yields improved on the back of the US data flows of this week.
We started out with the Q3 GDP offering the highest growth since 2003. Today we had the fourth consecutive decline in the US weekly jobless claims. This has underpinned the positive outlook for 2015 in the US. In the UK, growth continues to be disappointing. Technically, support lies at 1.5486, while resistance lies at recent congestion of 1.5590.