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Forex: GBP/USD consolidates gains above 1.5100

FXstreet.com (Barcelona) - The sterling is intensifying the better mood on Thursday, advancing firmly above the key level of 1.5100 ahead of UK Retail Sales and public sector figures.

The pound has reacted positively after the BoE left unchanged its monetary policy - both refi rate and asset purchase programme - and Chancellor Osbourne’s Budget was not in the expected dovish tone.

At the moment, the cross is up 0.15% at 1.5129 facing the next resistance at 1.5160 (high Mar.18) ahead of 1.5177 (high Mar.15) and then 1.5186 (high Mar.20).
On the downside, a breach of 1.5085 (MA21d) would bring 1.5059 (low Mar.18) and then 1.5026 (low Mar.20).

Switzerland: Trade surplus narrows less than expected in February

Swiss Trade surplus narrowed to CHF2.098 billion in February from CHF2.12 billion in January, according to data released today by the Swiss Statistics Office. Analysts expected the surplus to narrow more to CHF1.87 billion.
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Forex: USD/JPY downside held by 95.67

After the spike low to 95.38 on the US FOMC, the USD/JPY went as high as 96.14 and stalled around there. Giving in to bearish pressure, the pair wasn’t able to hold above the 96.00 mark and fell throughout the Asian session to print a low at 95.67. The market trades at 95.85, as of writing.
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