GBP/USD: BRC shop price inflation remained stable at 1.5%

January 9, 2013

GBPUSD Movement

For the 24 hours to 23:00 GMT, GBP fell 0.39% against the USD and closed at 1.6060.

In the Asian session, at GMT0400, the pair is trading at 1.6044, with the GBP trading 0.10% lower from yesterday’s close.

Data released this morning indicated that the British Retail Consortium’s (BRC) shop price inflation in the UK remained steady at 1.5% (YoY) in December, compared to a similar rate recorded in November.

The pair is expected to find support at 1.6010, and a fall through could take it to the next support level of 1.5977. The pair is expected to find its first resistance at 1.6096, and a rise through could take it to the next resistance level of 1.6148.

Trading trends in the pair today are expected to be determined by the release of goods trade balance data in the UK.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

Publication source
GCI information  GCI reviews

January 20, 2017
Cautious EURUSD Ahead of ECB Press Conference
USD, and the US government bond yields, surged last night following Fed president Janet Yellen’s speech to the Commonwealth Club in San Francisco...
January 19, 2017
Is equilibrium out of reach?
Let’s check what’s going on with Oil before turning our attention to the Russian Ruble. “Black gold” is forming a reversal pattern next to the key level of 52.10. The only matter is that this pattern is above the horizontal level, but the 52.10 level can potentially become the neckline of our pattern...
January 18, 2017
Trump Inauguration Market Outlook
Friday, January 20, 2017 will mark the historic inauguration of what promises to be a highly unconventional US presidential administration...

 FXTM Rating
Larson&Holz IT Ltd Rating
Fort Financial Services Rating
FXCM Rating
Grand Capital Rating
Orbex Rating

OptionFair Rating
Dragon Options Rating
IQ Option Rating
Porter Finance Rating
Binary Brokerz Rating
Empire Option Rating