GBP/USD inching higher, below 1.5400

FXStreet (Edinburgh) - The sterling is coming up from overnight lows around 1.5360, pushing GBP/USD to a new visit to the 1.5380/90 band.

GBP/USD focus on risk appetite

The pair is following the rest of the risk-associated peers against a backdrop of a generalized softer tone from the US dollar. After bottoming out in the mid-1.5300s on Monday, spot managed to pick up pace and start the current recovery, although the 1.5400 area still remains elusive.

Ahead in the day, Construction PMI is only due in the UK economy, with consensus expecting the indicator to ease a tad to 59.0 during February from 59.1 in the previous reading.

GBP/USD key levels

As of writing the pair is advancing 0.12% at 1.5384 with the next resistance at 1.5427 (10-d MA) followed by 1.5444 (Tenkan Sen) and then 1.5459 (high Feb.27). On the flip side, a break below 1.5352 (low Mar.2) would aim for 1.5324 (38.2% of 1.4952-1.5554) and finally 1.5317 (low Feb.17).