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15 May 2013
Forex: GBP/USD moves to 1.5236/37 after ILO in UK
FXstreet.com (Barcelona) - The GBP/USD rebounded sharply off the 1.5192 mark (session low) earlier today, thereby regaining the 1.5200 barrier and comfortably settling above it. However, following the publication of economic data in the United Kingdom, the cross is now operating at 1.5236/37, up +0.17%.
According to the Mataf.net analyst team, a break above the 1.5307 handle will initiate resistances for the GBP/USD at 1.5378 and 1.5428. On the decline, supports lie at 1.5186, ahead of 1.5136, and ultimately 1.5065.
In the United Kingdom, the Claimant Count Change (April) came in at -7.3K, against expectations of -3.0K. In addition, the Claimant Count Rate climbed +4.5% in April, vs. a projection of +4.6%. Finally, ILO Employment improved to 7.8%, beating the consensus of 7.9%.
According to the Mataf.net analyst team, a break above the 1.5307 handle will initiate resistances for the GBP/USD at 1.5378 and 1.5428. On the decline, supports lie at 1.5186, ahead of 1.5136, and ultimately 1.5065.
In the United Kingdom, the Claimant Count Change (April) came in at -7.3K, against expectations of -3.0K. In addition, the Claimant Count Rate climbed +4.5% in April, vs. a projection of +4.6%. Finally, ILO Employment improved to 7.8%, beating the consensus of 7.9%.