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GBP/USD capped below 1.5200, US data, BOE Carney in focus

FXStreet (Mumbai) - The latest batch of upbeat UK macro releases appear to have little impact on the GBP, with the major wavering below 1.52 handle as we head towards the US session.

GBP/USD awaits US data, BOE Carney

The GBP/USD pair trades 0.08% higher at 1.5187, recovering from close to session lows near 1.5160 region. The cable defends mild gains and keeps range around 1.5180-1.5195 levels as markets continue to digest the latest series of UK data amid an improving risk-sentiment.

On the data space, the UK’s mortgage approval rose to the highest levels since Jan 2014 while the net credit to individuals soared to fresh 7-yr highs. Further, the UK’s CBI realized sales figures also surged to the most since 2007.

Meanwhile, traders now await the crucial US consumer confidence and BOE Carney’s speech due later in the North American session for fresh cues on the cable.
Markets expect the consumer confidence gauge to drop to 96.2 points for September, down from August's 101.5.

GBP/USD Levels to consider

The pair has an immediate resistance at 1.5205 (Today’s High) above which gains could be extended to 1.5243 (Sept 28 High) levels. On the flip side, support is seen at 1.5133 (Sept 25 Low) below which it could extend losses to 1.5100 levels.

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