FXStreet (Córdoba) – GBP/USD managed to regain the 1.55 mark after briefly sliding below the psychological level during the European session.
GBP/USD bounced off a daily low of 1.5486 and climbed to 1.5531 as the dollar weakened across the board at the beginning of the American session, as disappointing manufacturing data added some pressure on the dollar and BoE Governor Carney saying UK inflation is likely to pick up, helping the pound.
US Empire State manufacturing index came in at -1.98 in June, its weakest since Jan 2013, versus 5.20 expected and down from 3.09 the previous month. Also due today, US May industrial production data and June NAHB housing index, while Greek headlines continue to drive market’s sentiment.
GBP/USD technical levels
At time of writing, GBP/USD is trading at 1.5520, still down 0.28% on the day. Immediate supports are seen at 1.5486 (Jun 15 low) and 1.5465 (Jun 12 low), while resistances could be found at 1.5568 (Jun 15 high) and 1.5597 (Jun 12 high).
(Market News Provided by FXstreet)