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23 Jan 2015
GBP/USD down testing 1.5000 again
FXStreet (Guatemala) - GBP/USD is currently trading at 1.5011 with a high of 1.5037 and a low of 1.4950, up 0.06% on the day.
GBP/USD is down to test the 1.5000 psychological level again with the bulls backing out at 1.5035 having recovered from 1.4950. Retails Sales were the boost that Sterling needed from the UK economy earlier today, scoring impressive and surprise numbers, smashing expectations. Retail sales rose 0.4% M/M in December, following up November’s strong 1.6% print.
However, Kit Juckes, head of foreign exchange research at Societe Generale said, "After the Minutes confirmed the silence of the hawks on the MPC, sterling has been and will continue to be unable to detach itself from a falling Euro. EUR/GBP down, GBP/USD down too."
GBP/USD is down to test the 1.5000 psychological level again with the bulls backing out at 1.5035 having recovered from 1.4950. Retails Sales were the boost that Sterling needed from the UK economy earlier today, scoring impressive and surprise numbers, smashing expectations. Retail sales rose 0.4% M/M in December, following up November’s strong 1.6% print.
However, Kit Juckes, head of foreign exchange research at Societe Generale said, "After the Minutes confirmed the silence of the hawks on the MPC, sterling has been and will continue to be unable to detach itself from a falling Euro. EUR/GBP down, GBP/USD down too."