Daily Review GBP December 17 2009

By IBTimes Staff Reporter | December 17 2009 7:08 AM

The Cable was the best performer among majors. GBP/USD momentarily broke above 1.6370 and rose to 1.6404, reaching a one-week high but then pulled back, breaking below the 1.6300 support level, reaching lows of 1.6230. Claimant Count Change came out -6.3K better than the expected 14K. Overall, GBP/USD traded with a low of 1.6230 and a high of 1.6409. Today, the Retail Sales expected at 0.5% vs. 0.4% previously. The CBI DTS expected at 16 vs. 13 previously.

Sponsorship Link

GBP/USD - Last: 1.6275

Resistance

1.6425

1.6475

1.6525

Support

1.6275

1.6210

1.6170

width=450

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

EU Confidence Could Be the Financial Crisis' Worst Casualty

EU Confidence Could Be the Financial Crisis' Worst Casualty

In Depth

The West Bank Wall: What Life Is Like For Palestinians And Israelis Divided By The Barrier

Life For Palestinians And Israelis Divided By The West Bank Wall

Drones: Which Countries Have Them For Surveillance And Military Operations? (MAP)

Where The Drones Are (MAP)

Journeys In Jaffna, Sri Lanka, 4 Years After The Civil War’s Bloody Conclusion

Inside Northern Sri Lanka 4 Years After Civil War

Warped Magazine Editing Fee: Pay-To-Play ‘Scam’ Targeting Unwitting Punk Bands, According To Facebook And Reddit Users

Punk Bands, Would You Pay $45 To Be In A Magazine You’ve Never Heard Of?

web counter