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Forex: GBP/USD back above 1.5100

FXstreet.com (Barcelona) - After a brief knee-jerk to the proximities of 1.5080 on softer-than-expected UK Construction PMI, the sterling is now trading back above the key resistance of 1.5100.

“Yesterday’s sharp sell-off was staged from just under resistance at 1.5269. Focus is on support at 1.5027, a break below this would open 1.4832”, suggested Strategists G.Yu and G.Berry at the Swiss lender UBS.

At the moment, the cross is up 0.07% at 1.5114 and a surpass of 1.5259 (hourly high Apr.2) would expose 1.5280 (high Mar.25) and then 1.5330 (high Feb.22).
On the flip side, support levels line up at 1.5094 (MA21d) followed by 1.5092 (low Mar.27) and then 1.5090 (low Mar.21).

Forex: EUR/GBP at 0.8480 after UK PMI and EMU CPI

The EUR/GBP first dropped as low as 0.8469 on the London opening but eventually jumped back to 0.8490 on the release of UK PMI Construction that rose from 46.8 to 47.2 in March, although staying below the 47.5 consensus. As of writing, the cross is quoting around 0.8480. Also out was the preliminary release of EMU CPI in March, coming in at 1.7% from 1.8%, as expected.
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Forex: GBP/JPY up to 141.40/45 after UK PMI Construction

After a first drop to 140.90 low on the London opening, the GBP/JPY quickly retraced back to the opening price of 141.11 and started climbing the chart ahead of the UK PMI Construction. On the release, the cross printed a high at 141.45 and, after some profit taking, it remains around the daily highs.
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