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

February 17, 2017
Golds rally may falter
The gold price has racked up its 2nd straight day of gains today on the back of US dollar weakness and doubts over an interest rate hike next month from the US Federal Reserve...
February 16, 2017
Where is black gold heading?
The Euro is slowly going down and this is not brought on by the Eurozone situation. Instead, this is fueled by the U.S. Dollar. Yesterday, Janet Yellen gave a speech in the Senate Banking Committee emphasising the fact that it Is not quite right to use the wait-and-see stance regarding the interest rate hike...
February 14, 2017
Will France exit the euro?
The Euro has come under pressure late in the European session today, after analysts warned of the huge costs that France would face should they decide to ditch the European currency...

Exness Rating
Orbex Rating
Larson&Holz IT Ltd Rating
NPBFX Rating
XM Rating
Vantage FX Rating Rating
TropicalTrade Rating
OptionTrade Rating
Beeoptions Rating
IQ Option Rating
Empire Option Rating