Forex: GBP/USD in red around 1.6050
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GBP/USD
FXstreet.com (Barcelona) - The sterling is grinding lower on Wednesday, trading in a narrow range around the mid 1.6000s ahead of the opening bell in London.
Today's empty docket in the UK would leave the pound no choice but to follow its European peer, against a backdrop of rising risk aversion.
As of writing, the pair is now losing 0.11% at 1.6046 with the next support lying at 1.6005 (low Jan.10) ahead of 1.5992 (2013 low Jan.9) and then 1.5988 (low Nov.30).
On the upside, a break above 1.6107 (MA10d) would bring 1.6150 (MA21d) and finally 1.6156 (high Jan.14).
Today's empty docket in the UK would leave the pound no choice but to follow its European peer, against a backdrop of rising risk aversion.
As of writing, the pair is now losing 0.11% at 1.6046 with the next support lying at 1.6005 (low Jan.10) ahead of 1.5992 (2013 low Jan.9) and then 1.5988 (low Nov.30).
On the upside, a break above 1.6107 (MA10d) would bring 1.6150 (MA21d) and finally 1.6156 (high Jan.14).
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