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4 May 2015
GBP/USD sidelined around 1.5130
FXStreet (Edinburgh) - The sterling remains isolated from the softer tone in its European peer on Monday, taking GBP/USD to the area of 1.5130.
GBP/USD focus on UK elections
The sterling seems to have stabilized in the low-1.5100s following the resurgence of the buying interest around the US dollar. Spot thus extends the sharp correction lower from last week’s peaks in levels just shy of the 1.5500 handle.
The pound will remain under pressure during the rest of the week, as the key Services PMI is due ahead of the UK general elections on Thursday and US Non farm Payrolls on Friday.
GBP/USD levels to watch
At the moment the pair is losing 0.02% at 1.5129 with the next support at 1.5106 (low Apr.27) followed by 1.5100 (psychological level) and finally 1.5035 (low Apr.24). On the other hand, a break above 1.5397 (high May 1) would expose 1.5420 (61.8% of 1.5492-1.5304) and finally 1.5498 (high Feb.29).
GBP/USD focus on UK elections
The sterling seems to have stabilized in the low-1.5100s following the resurgence of the buying interest around the US dollar. Spot thus extends the sharp correction lower from last week’s peaks in levels just shy of the 1.5500 handle.
The pound will remain under pressure during the rest of the week, as the key Services PMI is due ahead of the UK general elections on Thursday and US Non farm Payrolls on Friday.
GBP/USD levels to watch
At the moment the pair is losing 0.02% at 1.5129 with the next support at 1.5106 (low Apr.27) followed by 1.5100 (psychological level) and finally 1.5035 (low Apr.24). On the other hand, a break above 1.5397 (high May 1) would expose 1.5420 (61.8% of 1.5492-1.5304) and finally 1.5498 (high Feb.29).