21 Jan 2015
GBP/USD steady after US housing data
FXStreet (Córdoba) - GBP/USD continues to consolidate in a range above 1.5100, having barely moved following the release of mixed US housing data.
On the data front, US housing starts rose 4.4% to 1.089 million in December, beating expectations of 1.040 million, but building permits, a sign of future demand, unexpectedly fell 1.9% in December to 1.032 million.
GBP/USD was unaffected by US data and continues to trade near daily lows. Cable fell as low as 1.5075 earlier during the European session after BoE minutes revealed all 9 MPC members voted to keep rates unchanged. Even though GBP/USD managed to recover from lows, it remained capped by the 1.5135 area.
At time of writing, the pair is trading at the 1.5110 zone, still 0.20% below its opening price.
On the data front, US housing starts rose 4.4% to 1.089 million in December, beating expectations of 1.040 million, but building permits, a sign of future demand, unexpectedly fell 1.9% in December to 1.032 million.
GBP/USD was unaffected by US data and continues to trade near daily lows. Cable fell as low as 1.5075 earlier during the European session after BoE minutes revealed all 9 MPC members voted to keep rates unchanged. Even though GBP/USD managed to recover from lows, it remained capped by the 1.5135 area.
At time of writing, the pair is trading at the 1.5110 zone, still 0.20% below its opening price.