The sterling is posting marginal gains vs. the greenback at the end of the Asian trading hours, with GBP/USD hovering over 1.5070.
GBP/USD eyes on PMI
After a promising start, spot managed to clinch the 1.5100 handle although the bullish attempt failed to push higher and retracted to the current 1.5070/75 band. Positive events from Greece over the weekend tilted the sentiment towards the risk appetite although Chinese data failed to give continuation to the up move.
Ahead in the day, UK’s manufacturing PMI is due with consensus expecting the indicator to improve a tad to 52.8 for the month of January vs. 52.5 previous.
GBP/USD key levels
The pair is now up 0.07% at 1.5073 with the next resistance at 1.5100 (psychological level) ahead of 1.5141 (21-d MA) and then 1.5161 (high Jan.29). On the downside, a breach of 15018 (low Jan.29) would open the door to 1.4972 (low Jan.26) and then 1.4952 (low Jan.23).
GBP/USD eyes on PMI
After a promising start, spot managed to clinch the 1.5100 handle although the bullish attempt failed to push higher and retracted to the current 1.5070/75 band. Positive events from Greece over the weekend tilted the sentiment towards the risk appetite although Chinese data failed to give continuation to the up move.
Ahead in the day, UK’s manufacturing PMI is due with consensus expecting the indicator to improve a tad to 52.8 for the month of January vs. 52.5 previous.
GBP/USD key levels
The pair is now up 0.07% at 1.5073 with the next resistance at 1.5100 (psychological level) ahead of 1.5141 (21-d MA) and then 1.5161 (high Jan.29). On the downside, a breach of 15018 (low Jan.29) would open the door to 1.4972 (low Jan.26) and then 1.4952 (low Jan.23).
