One by one, currency pairs are breaking key levels or approaching them, after USD/JPY broke the 100 line. It’s now the turn of GBP/USD, that lost the 1.54 line.
In addition to the strengthening of the greenback, cable was also hit by a small disappointment in the trade deficit: it stood on 9.1 billion pounds in March, worse than 8.9 that was expected. UK indicators have mostly surprised to the upside recently, so it’s safe to say that the most of the move is due to the US dollar’s strength.
GBP/USD is now trading at 1.5392, after hitting a low of 1.5384 earlier. Just yesterday, the pair was challenging the stubborn 1.56 line that refused to surrender.
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