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GBP/USD clinches highs near 1.5280

FXStreet (Edinburgh) - The buying interest around the sterling is picking up pace now, lifting GBP/USD to fresh tops in the vicinity of 1.5280.

GBP/USD focus on 1.5300

After bottoming out in the 1.5200 neighbourhood on Wednesday, spot has staged a sort of comeback and is now flirting with the 1.5300 mark, amidst empty docket or scheduled events in the UK economy. The pound has come to an increased selling pressure as of late, finding some support in the 1.5210/00 band after being rejected around last week’s peaks in the 1.5660/70 area.

In the meantime, today’s main highlights will come from the USD-side, as Initial Claims, Durable Goods Orders, New Home Sales and the speech by Chairwoman J.Yellen are all due during the European evening.

GBP/USD significant levels

As of writing the pair is up 0.21% at 1.5278 with the next hurdle at 1.5364 (high Sep.23) ahead of 1.5521 (high Sep.22) and then 1.5568 (high Sep.21). On the downside, a break below 1.5241 (low Sep.24) would open the door to 1.5219 (low Sep.3) and then 1.5171 (low Sep.7).

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