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3 Sep 2015
GBP/USD dipping to lows near 1.5270
FXStreet (Edinburgh) - The offered tone around the pound is now picking up pace, dragging GBP/USD to test daily lows in the vicinity of 1.5270.
GBP/USD attention to UK data
The pair is retreating since Monday against a backdrop of a persistent buying tone in the greenback, as market expectations for a rate hike by the Federal Reserve this month remain unchanged, at least until tomorrow’s Payrolls (220K exp.).
Next of relevance in spot will be the significant Markit’s Services PMI in the UK economy, with prior surveys expecting the result to be around 57.6 in August, up a tad from July’s 57.4. On the USD-side, Initial Claims and the ISM Non-manufacturing will take centre stage.
GBP/USD levels to watch
As of writing the pair is losing 0.14% at 1.5277 with the immediate support at 1.5257 (low Jun.10) followed by 1.5221 (low Jun.8) and then 1.5190 (low Jun.5). On the upside, a breakout of 1.5322 (high Sep.1) would target 1.5409 (high Sep.1) and finally 1.5443 (high Aug.28).
GBP/USD attention to UK data
The pair is retreating since Monday against a backdrop of a persistent buying tone in the greenback, as market expectations for a rate hike by the Federal Reserve this month remain unchanged, at least until tomorrow’s Payrolls (220K exp.).
Next of relevance in spot will be the significant Markit’s Services PMI in the UK economy, with prior surveys expecting the result to be around 57.6 in August, up a tad from July’s 57.4. On the USD-side, Initial Claims and the ISM Non-manufacturing will take centre stage.
GBP/USD levels to watch
As of writing the pair is losing 0.14% at 1.5277 with the immediate support at 1.5257 (low Jun.10) followed by 1.5221 (low Jun.8) and then 1.5190 (low Jun.5). On the upside, a breakout of 1.5322 (high Sep.1) would target 1.5409 (high Sep.1) and finally 1.5443 (high Aug.28).