13 Nov 2013
GBP/USD pierced 1.5940 on jobs data
FXstreet.com (Edinburgh) - The GBP/USD quickly climbed to just beyond 1.5940 after the overall better than expected results from the UK labour market.
GBP/USD now focus on Carney and QIR
The UK unemployment rate ticked lower to 7.6% in the three months ended in September, bettering both the median and previous print at 7.7%. The Claimant Count Change dropped by 41.7K vs. -35K expected although a tad higher than the previous 44.7 fall (revised). Markets will now shift their attention to the BoE’s Quarterly Inflation Report and Carney’s speech, due later.
GBP/USD levels to watch
As of writing the pair is up 0.14% at 1.5930 and a breakout of 1.5992 (high Nov.12) would bring 1.6000 (psychological level) and then 1.6007 (MA10d). On the downside, the initial support aligns at 1.5854 (low Nov.12) ahead of 1.5844 (50% of 1.5427-1.6260) and finally 1.5776 (low Sep12).
GBP/USD now focus on Carney and QIR
The UK unemployment rate ticked lower to 7.6% in the three months ended in September, bettering both the median and previous print at 7.7%. The Claimant Count Change dropped by 41.7K vs. -35K expected although a tad higher than the previous 44.7 fall (revised). Markets will now shift their attention to the BoE’s Quarterly Inflation Report and Carney’s speech, due later.
GBP/USD levels to watch
As of writing the pair is up 0.14% at 1.5930 and a breakout of 1.5992 (high Nov.12) would bring 1.6000 (psychological level) and then 1.6007 (MA10d). On the downside, the initial support aligns at 1.5854 (low Nov.12) ahead of 1.5844 (50% of 1.5427-1.6260) and finally 1.5776 (low Sep12).