Filed Under:
Forex pairs in this Article » GBP/USD (Guatemala) - There has been a series of data this morning for the pair and Sterling has rallied over a big figure.

While we now await the university of Michigan consumer sentiment at 14:55 GMT, the markets are priced into the GBP/USD on the bid and through the descending trend line formed 1.6507 on the 12th Jan. The data today has been very favourable from the UK for the pound. Retail Sales printed a very high number relative to the consensus of 2.6%, coming in at 5.3%. The value of the dollar was underpinned by the worse than expected US Building Permits that fell 3.0% from prior month, where as starts fall was in line with expectations after a 23% jump the month before.

GBP/USD Levels

The 20 DMA is 1.6428, the 50 DMA is 1.6317 and the 200 DMA is 1.5754. RSI (14) reads 62.49. Spot is 1.6443.
comments powered by Disqus