Forex: GBP/USD eases on London morning
FXstreet.com (Barcelona) - Thursday trading was only able to reach as high as 1.6148, ahead of the London opening, as the GBPUSD allowed a selloff there to 1.6120 low, turning "red" on the day. The UK will be represented by the CBI Orders report for December, expected to improve from -21 to -16, at 11:00 GMT.
In the meanwhile, the annualized Italian CPI eased from 2.6% to 2.5% in November, as expected. The inflation report in Spain also came according to consensus, easing from 3.5% to 2.9%. In Switzerland, the SNB kept its monetary policy unchanged, defending the EURCHF peg at 1.20 and leaving the rate at 0%, while SECO cut its economic forecast for 2013 to 1.3% from the previously estimated 1.4%, maintaining its outlook of 2012 GDP growth at 1%.
"With technical correction finding footstep at previous strong barrier, and near-term studies holding in the positive territory, fresh attack towards 1.6200 barriers is seen likely", wrote Windsor Brokers analyst Slobodan Drvenica, pointing to initial supports at 1.6125 and 1.6112, while violation of 1.6100, yesterday's low, would delay bulls and signal stronger corrective action.
In the meanwhile, the annualized Italian CPI eased from 2.6% to 2.5% in November, as expected. The inflation report in Spain also came according to consensus, easing from 3.5% to 2.9%. In Switzerland, the SNB kept its monetary policy unchanged, defending the EURCHF peg at 1.20 and leaving the rate at 0%, while SECO cut its economic forecast for 2013 to 1.3% from the previously estimated 1.4%, maintaining its outlook of 2012 GDP growth at 1%.
"With technical correction finding footstep at previous strong barrier, and near-term studies holding in the positive territory, fresh attack towards 1.6200 barriers is seen likely", wrote Windsor Brokers analyst Slobodan Drvenica, pointing to initial supports at 1.6125 and 1.6112, while violation of 1.6100, yesterday's low, would delay bulls and signal stronger corrective action.
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