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2 Apr 2015
GBP/USD pushes to highs near 1.4860
FXStreet (Edinburgh) - The sterling is following its European peers on Maundy Thursday, lifting GBP/USD to daily tops in the 1.4860 region.
GBP/USD focus on US data
The pair is trying to break above the overnight consolidation pattern around 1.4820 backed by the initial better sentiment towards the risk appetite before the opening bell in London.
The upbeat tone around the pound has been bolstered by auspicious results from the UK GDP during the fourth quarter and yesterday’s manufacturing PMI, encouraging spot to extend the rebound from recent troughs around 1.4740.
GBP/USD key levels
At the moment the pair is advancing 0.18% at 1.4850 with the next resistance at 1.4871 (hourly high Apr.1) ahead of 1.4901 (high Mar.30) and then 1.4923 (high Mar.27). On the flip side, a break below 1.4722 (low Mar.20) would open the door to 1.4689 (low Mar.19) and finally 1.4635 (57-month low Mar.18).
GBP/USD focus on US data
The pair is trying to break above the overnight consolidation pattern around 1.4820 backed by the initial better sentiment towards the risk appetite before the opening bell in London.
The upbeat tone around the pound has been bolstered by auspicious results from the UK GDP during the fourth quarter and yesterday’s manufacturing PMI, encouraging spot to extend the rebound from recent troughs around 1.4740.
GBP/USD key levels
At the moment the pair is advancing 0.18% at 1.4850 with the next resistance at 1.4871 (hourly high Apr.1) ahead of 1.4901 (high Mar.30) and then 1.4923 (high Mar.27). On the flip side, a break below 1.4722 (low Mar.20) would open the door to 1.4689 (low Mar.19) and finally 1.4635 (57-month low Mar.18).