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Forex pairs in this Article » GBP/USD (Barcelona) - The sterling is consolidating above the key mark at 1.5500 on Friday, leaving behind multi months lows around 1.5475, levels last seen in July-August 2012

Next on tap for the pound would be January Retail Sales, expected to expand 0.8% on a yearly basis and 1.8% excluding the fuel component.

At the moment, the cross is up 0.24% at 1.5532 with the next resistance at 1.5544 (hourly high Feb.14) ahead of 1.5666 (MA10d) and then 1.5690 (high Feb.13).
On the downside, a break below 1.5458 (low Jul.26) would aim for 1.5414 (low Jul.13) and finally 1.5393 (low Jul.12).
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