13 Jul 2015
GBP/USD deflates to 1.5530
FXStreet (Edinburgh) - The sterling is now losing part of its initial shine, pushing GBP/USD to the 1.5530 area.
GBP/USD upside limited near 1.5600
The pair managed to clinch session tops in the boundaries of 1.5600 the figure following the announcement of the EU-Greece deal in early trade, although the upside lacked follow through and is now losing momentum to the current 1.5530/20 band.
It will be a very interesting week for the pound in the data space, as inflation figures are due tomorrow followed by labour market results on Wednesday. According to prior surveys, consumer prices area expected to print a flat reading during June, while the Claimant Count Changed is seen dropping by 8.8K during the same period.
GBP/USD levels to consider
As of writing the pair is advancing 0.15% at 1.5539 with the next hurdle at 1.5591 (high Jul.13) ahead of 1.5600 (psychological handle) and finally 1.5628 (high Jul.6). On the other hand, a break below 1.5494 (low Jul.13) would open the door to 1.5364 (low Jul.10) and then 1.5330 (low Jul.8).
GBP/USD upside limited near 1.5600
The pair managed to clinch session tops in the boundaries of 1.5600 the figure following the announcement of the EU-Greece deal in early trade, although the upside lacked follow through and is now losing momentum to the current 1.5530/20 band.
It will be a very interesting week for the pound in the data space, as inflation figures are due tomorrow followed by labour market results on Wednesday. According to prior surveys, consumer prices area expected to print a flat reading during June, while the Claimant Count Changed is seen dropping by 8.8K during the same period.
GBP/USD levels to consider
As of writing the pair is advancing 0.15% at 1.5539 with the next hurdle at 1.5591 (high Jul.13) ahead of 1.5600 (psychological handle) and finally 1.5628 (high Jul.6). On the other hand, a break below 1.5494 (low Jul.13) would open the door to 1.5364 (low Jul.10) and then 1.5330 (low Jul.8).