Back
1 Apr 2014
GBP/USD holding around 1.6650 – FXStreet
FXStreet (Edinburgh) - Currency Analyst Valeria Bednarik at FXStreet underlines the resilience of the GBP/USD around the mid-1.6600s.
Key Quotes
“Pound holds pretty well despite a disappointing PMI reading in the UK, down to 55.3 as export demand falls to a 10 month low”.
“Below mentioned 20 SMA support of 1.6635, the pair may fall down to 1.6600 Fibonacci support, but further slides are not likely until later the week, when first line data from major economies see the light”.
Key Quotes
“Pound holds pretty well despite a disappointing PMI reading in the UK, down to 55.3 as export demand falls to a 10 month low”.
“Below mentioned 20 SMA support of 1.6635, the pair may fall down to 1.6600 Fibonacci support, but further slides are not likely until later the week, when first line data from major economies see the light”.