Forex: GBP/USD aims to hold support above 1.6200
Forex pairs in this Article »
GBP/USD
FXstreet.com (Barcelona) - GBPUSD spiked above the psychological 1.6200 level following US NFP's and Unemployment numbers.
The move saw the pair post a high at 1.6216 but remain under some pressure from above. NFP data came in more or less in line with expectations whilst the US Unemployment rate fell to 7.8% for the first time since 2009. Spot is current trading between 1.6202 and 1.6198 as price looks to consolidate support above the key level.
Later on this evening we have a meeting between Monti and Rajoy, the leaders of the two EU nations in focus at the moment, Italy and Spain at 16:00GMT. At 17:00 GMT FOMC member Duke is scheduled to speak and at 19:00 US Consumer Credit numbers wrap up the weeks agenda.
Equities on both sides of the pond are up as we head towards the European close whilst commodities have slowly started to claw back some losses.
The move saw the pair post a high at 1.6216 but remain under some pressure from above. NFP data came in more or less in line with expectations whilst the US Unemployment rate fell to 7.8% for the first time since 2009. Spot is current trading between 1.6202 and 1.6198 as price looks to consolidate support above the key level.
Later on this evening we have a meeting between Monti and Rajoy, the leaders of the two EU nations in focus at the moment, Italy and Spain at 16:00GMT. At 17:00 GMT FOMC member Duke is scheduled to speak and at 19:00 US Consumer Credit numbers wrap up the weeks agenda.
Equities on both sides of the pond are up as we head towards the European close whilst commodities have slowly started to claw back some losses.
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