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21 Mar 2013
Forex: GBP/USD consolidates gains above 1.5100
FXstreet.com (Barcelona) - The sterling is intensifying the better mood on Thursday, advancing firmly above the key level of 1.5100 ahead of UK Retail Sales and public sector figures.
The pound has reacted positively after the BoE left unchanged its monetary policy - both refi rate and asset purchase programme - and Chancellor Osbourne’s Budget was not in the expected dovish tone.
At the moment, the cross is up 0.15% at 1.5129 facing the next resistance at 1.5160 (high Mar.18) ahead of 1.5177 (high Mar.15) and then 1.5186 (high Mar.20).
On the downside, a breach of 1.5085 (MA21d) would bring 1.5059 (low Mar.18) and then 1.5026 (low Mar.20).
The pound has reacted positively after the BoE left unchanged its monetary policy - both refi rate and asset purchase programme - and Chancellor Osbourne’s Budget was not in the expected dovish tone.
At the moment, the cross is up 0.15% at 1.5129 facing the next resistance at 1.5160 (high Mar.18) ahead of 1.5177 (high Mar.15) and then 1.5186 (high Mar.20).
On the downside, a breach of 1.5085 (MA21d) would bring 1.5059 (low Mar.18) and then 1.5026 (low Mar.20).