Trading Tips:GBP/USD hit 1.4812 during European morning trade, the session low; the pair subsequently consolidated at 1.4827, slipping 0.10%. The pound slipped lower against the U.S. dollar on Thursday, but losses were expected to remain limited as sentiment on the greenback remained vulnerable after the previous session’s downbeat U.S. data and ahead of additional U.S. economic reports due later in the day. The dollar remained under pressure after data on Wednesday showed that U.S. industrial production fell 0.6% in March, the largest fall since August 2012 and worse than economists’ expectations for a 0.3% decline.The added to speculation that the Federal Reserve could delay hiking interest rates until late 2015, instead of tightening midyear.
RECOMMENDATION :
BUY GBP USD ABOVE 1.4980 TARGET 1.5000 1.5030 SL 1.4950
SELL GBPUSD BELOW 1.4910 TARGET 1.4890 1.4860 SL 1.4940
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