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14 Mar 2013
Forex: GBP/USD at 1.4933/50 range as London morning ends
Ever since the early London session test of the opening price of 1.4923, the GBP/USD became limited at 1.4933/50 range. The pair is currently at the upper band. The economic calendar will only provide more data at 12:30 GMT.
Ahead is US jobless claims and PPI. "Just second-tier data today, with PPI for February, which is expected to remain subdued at sub-2%, as well as weekly jobless claims, which are expected to tick 10K higher to 350K", wrote TD Securities analyst Alvin Pontoh.
UBS analysts are bearish: "Any upside will be limited and resistance at 1.5015 should hold", wrote analyst Gareth Berry, pointing to initial support at 1.4832, while a break below would open 1.4687.
Ahead is US jobless claims and PPI. "Just second-tier data today, with PPI for February, which is expected to remain subdued at sub-2%, as well as weekly jobless claims, which are expected to tick 10K higher to 350K", wrote TD Securities analyst Alvin Pontoh.
UBS analysts are bearish: "Any upside will be limited and resistance at 1.5015 should hold", wrote analyst Gareth Berry, pointing to initial support at 1.4832, while a break below would open 1.4687.