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29 Apr 2013
Forex: GBP/USD consolidates above 1.5500
FXstreet.com (Barcelona) - The sterling quickly left behind the key resistance at 1.5500 on Monday, escalating to the vicinity of 1.5530 on upbeat news from Italy over the weekend.
A measure of the UK Consumer Confidence by Gfk is due tonight in the only event for the sterling on Monday, ahead of the key BoE gathering due on Thursday.
At the moment, the cross is up 0.18% at 1.5518 with the next resistance at 1.5544 (high Feb.14) and then 1.5550 (high Feb.15).
On the flip side, support levels align at 1.5309 (MA10d) would expose 1.5284 (MA21d) and then 1.5265 (low Apr.25).
A measure of the UK Consumer Confidence by Gfk is due tonight in the only event for the sterling on Monday, ahead of the key BoE gathering due on Thursday.
At the moment, the cross is up 0.18% at 1.5518 with the next resistance at 1.5544 (high Feb.14) and then 1.5550 (high Feb.15).
On the flip side, support levels align at 1.5309 (MA10d) would expose 1.5284 (MA21d) and then 1.5265 (low Apr.25).