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GBP/USD Forecast: breaking higher, 1.5315 key

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair broke higher and accelerated towards the 1.5300 price zone early Europe, boosted by dollar's weakness and strong UK data. The UK Manufacturing and Industrial production figures for August beat expectations, sharply higher and reversing the previous month decline. The strong numbers have diminished fears over the economic health of the kingdom, spurred by latest weak data. Technically, the 4 hours chart shows that the pair Is consolidating around the 1.5300 level, a

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