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26 Feb 2015
GBP/USD keeps the range post-UK GDP
FXStreet (Edinburgh) - The sterling remains within the intraday range after the UK releases, with GBP/USD around 1.5520.
GBP/USD indifferent on data
The pair paid no further attention to the flash release of the UK GDP for the fourth quarter, with the British economy expanding at an annual pace of 2.7% and 0.5% inter-quarter, matching prior surveys. Further data showed Q4 UK Total Business Investment contracting 1.4% QoQ and 2.1% over the last twelve months, from previous readings at -1.2% and 6.3%, respectively.
GBP/USD key levels
As of writing the pair is down 0.06% at 1.5526 with the next support at 1.5500 (psychological level) ahead of 1.5448 (low Feb.25) and then 1.5403 (low Feb.24). On the other hand, the initial up barrier aligns at 1.5588 (2015 high Jan.2) followed by 1.5621 (high Dec.31) and then 1.5753 (high Dec.17).
GBP/USD indifferent on data
The pair paid no further attention to the flash release of the UK GDP for the fourth quarter, with the British economy expanding at an annual pace of 2.7% and 0.5% inter-quarter, matching prior surveys. Further data showed Q4 UK Total Business Investment contracting 1.4% QoQ and 2.1% over the last twelve months, from previous readings at -1.2% and 6.3%, respectively.
GBP/USD key levels
As of writing the pair is down 0.06% at 1.5526 with the next support at 1.5500 (psychological level) ahead of 1.5448 (low Feb.25) and then 1.5403 (low Feb.24). On the other hand, the initial up barrier aligns at 1.5588 (2015 high Jan.2) followed by 1.5621 (high Dec.31) and then 1.5753 (high Dec.17).