GBP/USD remain above 1.5600 on UK data

July 29, 2015

The sterling kept the composure after UK releases today, with GBP/USD navigating the low-1.5600s so far.

GBP/USD clings to 1.5600

The pair is trading almost unchanged around the 1.5600 handle today, despite auspicious results in the UK docket, where Mortgage Approvals and Consumer Credit have both surpassed initial estimates at 66.58K and £1.22 billion, respectively. Further data showed M4 Money Supply contracting 0.5% from May to June and Net Lending to Individuals increasing to £3.8 billion in June.

GBP/USD key levels

The pair is now down 0.02% at 1.5612 and a break below 1.5588 (low Jul.29) would open the door to 1.5528 (low Jul.28) ahead of 1.5490 (low Jul.27). On the upside, the immediate barrier lines up at 1.5623 (high Jul.29) followed by 1.5648 (high Jul.22) and then 1.5670 (high Jul.23). 

Publication source
OctaFX information  OctaFX reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

FXCM Rating Trade Rating
 FXTM Rating
Trade360 Rating
XTB Rating
XM Rating

TopOption Rating
OptionRally Rating
IQ Option Rating
TropicalTrade Rating
365BinaryOption Rating Rating