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19 Mar 2013
Forex: GBP/USD eases below 1.5100
FXstreet.com (Barcelona) - The sterling is treading water in the proximity of the key level of 1.5100 on Tuesday ahead of the inflation figures in the British economy and the DCLG House prices.
Anyway, it will be a key week for the pound as the BoE Inflation Letter is due today, BoE minutes and unemployment rate tomorrow and public sector and retail sales on Thursday.
At the moment, GBP/USD is losing 0.08% at 1.5093 and a breach of 1.5017 (MA10d) would allow 1.4965 (low Mar.7) and finally 1.4915 (low Mar.14).
On the flip side, resistance levels line up at 1.5177 (high Mar.15) ahead of 1.5200 (high Mar.5) and then 1.5223 (high Feb.28).
Anyway, it will be a key week for the pound as the BoE Inflation Letter is due today, BoE minutes and unemployment rate tomorrow and public sector and retail sales on Thursday.
At the moment, GBP/USD is losing 0.08% at 1.5093 and a breach of 1.5017 (MA10d) would allow 1.4965 (low Mar.7) and finally 1.4915 (low Mar.14).
On the flip side, resistance levels line up at 1.5177 (high Mar.15) ahead of 1.5200 (high Mar.5) and then 1.5223 (high Feb.28).