Sterling Shutter Resistance 1.5580 - The rise in average salaries in the UK are higher than expected, and the unemployment rate dropped to make sterling rose sharply in trading Wednesday. In today's UK retail sales data provide an opportunity to strengthen further if released higher than expected 0.2%. While the main focus remains fixed on the Fed's interest rate decision.
Sterling likely to rise to test 1.5580 resistance, if it is able to hold above 1.5400. While the nearest support is around 1.5485, penetration and consistent movement below that area would bring sterling down towards 1.5410 area.
Sterling likely to rise to test 1.5580 resistance, if it is able to hold above 1.5400. While the nearest support is around 1.5485, penetration and consistent movement below that area would bring sterling down towards 1.5410 area.
