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6 Aug 2015
GBP/USD near 1.5600 on UK data
FXStreet (Edinburgh) - The pound is losing its shine now, dragging GBP/USD back to the 1.5600 neighbourhood post-UK data.
GBP/USD tests 1.5600 on UK releases
The pair has surrendered part of its initial gains after mixed results from the UK docket showed Industrial Production contracting at a monthly pace of 0.4% and expanding 1.5% on a year to June; both prints coming in short of estimates at 0.1% and 2.2%, respectively. Running on the opposite direction, Manufacturing Production rose 0.2% inter-month, matching expectations, and 0.5% over the last twelve months.
Ahead in the session, the BoE will take centre stage, as the decision on rates is due followed by the central bank’s minutes, the Quarterly Inflation Report and the speech by Governor M.Carney.
GBP/USD levels to watch
At the moment the pair is flat at 1.5601 facing the next hurdle at 1.5639 (high Aug.6) ahead of 1.5690 (high Jul.29) and finally 1.5734 (high Jul.1). On the flip side, a breakdown of 1.5535 (low Aug.5) would open the door to 1.5490 (low Jul.27) and then 1.5467 (low Jul.244).
GBP/USD tests 1.5600 on UK releases
The pair has surrendered part of its initial gains after mixed results from the UK docket showed Industrial Production contracting at a monthly pace of 0.4% and expanding 1.5% on a year to June; both prints coming in short of estimates at 0.1% and 2.2%, respectively. Running on the opposite direction, Manufacturing Production rose 0.2% inter-month, matching expectations, and 0.5% over the last twelve months.
Ahead in the session, the BoE will take centre stage, as the decision on rates is due followed by the central bank’s minutes, the Quarterly Inflation Report and the speech by Governor M.Carney.
GBP/USD levels to watch
At the moment the pair is flat at 1.5601 facing the next hurdle at 1.5639 (high Aug.6) ahead of 1.5690 (high Jul.29) and finally 1.5734 (high Jul.1). On the flip side, a breakdown of 1.5535 (low Aug.5) would open the door to 1.5490 (low Jul.27) and then 1.5467 (low Jul.244).