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27 Mar 2013
Forex: GBP/USD flat ahead of UK GDP figures
FXstreet.com (Barcelona) - The sterling is trading almost unchanged from yesterday’s close in the vicinity of 1.5155/60, ahead of the final GDP figures in the UK during the fourth quarter of 2012. Prior surveys expect the British economic activity to contract 0.3% inter-quarter and to post an annual expansion of 0.3%.
Following the GDP figures, Current Account result and Total Business Investment will also be in the limelight today in the UK docket.
GBP/USD is now losing 0.03% at 1.5155 facing the next support at 1.5115 (MA10d) ahead of 1.5090 (low Mar.21) and then 1.5081 (MA21d).
On the flip side, a breakout of 1.5207 (high Mar.26) would target 1.5280 (high Mar.25) and finally the psychological mark of 1.5300
Following the GDP figures, Current Account result and Total Business Investment will also be in the limelight today in the UK docket.
GBP/USD is now losing 0.03% at 1.5155 facing the next support at 1.5115 (MA10d) ahead of 1.5090 (low Mar.21) and then 1.5081 (MA21d).
On the flip side, a breakout of 1.5207 (high Mar.26) would target 1.5280 (high Mar.25) and finally the psychological mark of 1.5300