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GBP/USD firmer, testing highs near 1.5460

FXStreet (Edinburgh) - The sterling is picking up pace vs. the dollar on Wednesday, lifting GBP/USD to fresh daily tops in the 1.5455/60 band.

GBP/USD focus on Carney

After dropping to the 1.5410 area (55-day ma) in early trade, spot has managed to gather traction and reclaim session highs in the 1.5460 region, ahead of the speech by Governor M.Carney later in the day.

On the data front, UK’s Public Sector Net Borrowing have come in at £8.63 billion during September, bettering expectations and down from August’s £10.79 billion.

GBP/USD important levels

As of writing the pair is advancing 0.09% at 1.5458 with the next resistance at 1.5495 (100-day ma) followed by 1.5513 (high Oct.15) and then 1.5567 (38.2% Fibo of 1.7192-1.4563). On the other hand, a breach of 1.5412 (55-day ma) would aim for 1.5107 (low Oct.1) and then 1.5089 (low May 5).

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