Wir sind mehr als nur ein Broker. Wir sind ein All-in-One-Trading-Ökosystem – alles, was Sie zum analisieren, traden und wachsen brauchen, ist an einem Ort. Sind sie bereit, Ihr Trading zu verbessern?
FXStreet (Mumbai) - The British pound remains undermined versus the US counterpart in the European session, with GBP/USD recovering from fresh session lows reached near 1.5130 levels, as the US dollar paused it upsurge and retraced slightly from highs against its major peers.
GBP/USD eyes 1.50
The GBP/USD pair trades -0.36% at 1.5134, near fresh session lows of 1.5131 reached some minutes ago. The GBP/USD fell further in to losses as sterling continues its downslide largely on the back of a solid recovery posed by the greenback after witnessing sharp losses last week on weak US macro data.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies climbed to fresh session highs at 97.41, recording a 0.31% gains on the day.
Markets also remain cautious ahead of tomorrow’s crucial UK prelim GDP print which is expected to show the UK economic performance slowed modestly at the start of this year, to a quarterly growth of 0.5%, down from 0.6% in Q4 2014.
Meanwhile, traders now turn their focus towards UK CBI Industrial Order Expectations in a data thin GBP calendar today and later on US services PMI reading for further momentum on the pair.
GBP/USD Levels to consider
The pair has an immediate resistance at 1.5196 (Feb 3 High) above which gains could be extended to 1.5250 levels. On the flip side, support is seen at 1.5131 (Today’s Low) below which it could extend losses to 1.5100 levels.