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2 Mar 2015
GBP/USD keeps 1.5400 on UK-data
FXStreet (Edinburgh) - The pound is recovering ground lost following the releases in the UK economy, with GBP/USD retaking the 1.5415/20 band.
GBP/USD bounces off 1.5390
After bottoming out in the 1.5390/80 area before the opening bell in Euroland, spot regained the 1.5400 handle and is now looking to consolidate the breakout despite the mixed results in the British economy.
The Manufacturing PMI tracked by Markit came in above expectations at 54.1 in February vs. 53.4 expected and 53.1 previous, while Consumer Credit (£0.817 billion), Net Lending to Individuals (£2.4 billion) and Mortgage Approvals (60.786K) all missed forecasts during January
GBP/USD key levels
The pair is now losing 0.12% at 1.5420 with the next support at 1.5389 (cloud top) ahead of 1.5384 (low Feb.27) and then 1.5333 (low Feb.23). On the upside, a surpass of 1.5459 (high Feb.27) would aim for 1.5554 (high Feb.26) and finally 1.5588 (2015 high Jan.2).
GBP/USD bounces off 1.5390
After bottoming out in the 1.5390/80 area before the opening bell in Euroland, spot regained the 1.5400 handle and is now looking to consolidate the breakout despite the mixed results in the British economy.
The Manufacturing PMI tracked by Markit came in above expectations at 54.1 in February vs. 53.4 expected and 53.1 previous, while Consumer Credit (£0.817 billion), Net Lending to Individuals (£2.4 billion) and Mortgage Approvals (60.786K) all missed forecasts during January
GBP/USD key levels
The pair is now losing 0.12% at 1.5420 with the next support at 1.5389 (cloud top) ahead of 1.5384 (low Feb.27) and then 1.5333 (low Feb.23). On the upside, a surpass of 1.5459 (high Feb.27) would aim for 1.5554 (high Feb.26) and finally 1.5588 (2015 high Jan.2).