2 Jul 2015
GBP/USD unchanged on PMI
FXStreet (Edinburgh) - The sterling keeps the daily range vs. the US dollar on Thursday, with GBP/USD navigating the low-1.5600s so far.
GBP/USD indifferent on UK PMI
The pair has gathered some traction after the Construction PMI in the UK economy surprised investors to the upside in June, coming in at 58.1 vs. 56.5 forecasted and May’s 55.9. Previously, UK housing prices tracked by Nationwide contracted 0.2% from May to June and expanded 3.3% over the last twelve months.
Ahead in the session, US Non-farm Payrolls will set the tone for the pair in the very near term while UK’s more relevant Services PMI is due tomorrow, expected to improve to 57.3 in June.
GBP/USD relevant levels
As of writing the pair is losing 0.04% at 1.5609 with the immediate support at 1.5582 (low Jul.2) ahead of 1.5542 (low Jun.16) and finally 1.5487 (low Jun.15). On the upside, a break above 1.5734 (high Jul.1) would open the door to 1.5775 (high Jun.30) would open the door to and then 1.5789 (high Jun.29).
GBP/USD indifferent on UK PMI
The pair has gathered some traction after the Construction PMI in the UK economy surprised investors to the upside in June, coming in at 58.1 vs. 56.5 forecasted and May’s 55.9. Previously, UK housing prices tracked by Nationwide contracted 0.2% from May to June and expanded 3.3% over the last twelve months.
Ahead in the session, US Non-farm Payrolls will set the tone for the pair in the very near term while UK’s more relevant Services PMI is due tomorrow, expected to improve to 57.3 in June.
GBP/USD relevant levels
As of writing the pair is losing 0.04% at 1.5609 with the immediate support at 1.5582 (low Jul.2) ahead of 1.5542 (low Jun.16) and finally 1.5487 (low Jun.15). On the upside, a break above 1.5734 (high Jul.1) would open the door to 1.5775 (high Jun.30) would open the door to and then 1.5789 (high Jun.29).