Back
4 Feb 2015
GBP/USD muted post-PMI
FXStreet (Edinburgh) - The sterling kept the composure following the release of the UK Services PMI, with GBP/USD meandering around 1.5160/65.
GBP/USD consolidating in the mid-1.5100s
The pair practically posted no reaction after the relevant Services PMI in the British economy surprised investors to the upside, advancing to 57.2 during January vs. 56.3 forecasted and December’s 55.8. Without any further releases scheduled in the UK docket today, market participants will turn their attention to US ISM Non-Manufacturing and tomorrow’s BoE MPC meeting.
GBP/USD levels to consider
The pair is up 0.05% at 1.5175 with the next hurdle at 1.5198 (high Feb.3) followed by 1.5200 (psychological level) and then 1.5223 (high Jan.27). On the downside, a break below 1.5122 (21-d MA) would open the door to 1.5090 (10-d MA) and finally 1.4988 (low Feb.3).
GBP/USD consolidating in the mid-1.5100s
The pair practically posted no reaction after the relevant Services PMI in the British economy surprised investors to the upside, advancing to 57.2 during January vs. 56.3 forecasted and December’s 55.8. Without any further releases scheduled in the UK docket today, market participants will turn their attention to US ISM Non-Manufacturing and tomorrow’s BoE MPC meeting.
GBP/USD levels to consider
The pair is up 0.05% at 1.5175 with the next hurdle at 1.5198 (high Feb.3) followed by 1.5200 (psychological level) and then 1.5223 (high Jan.27). On the downside, a break below 1.5122 (21-d MA) would open the door to 1.5090 (10-d MA) and finally 1.4988 (low Feb.3).