Forex: GBP/USD around 1.5100, eyes on UK GDP

The sterling is hovering over the key mark at 1.5100 on Wednesday, ahead of the final result of the UK GDP during the last quarter of 2012, expected to contract 0.3% QoQ. Continuing with the data, the Total Business Investment is also due for the same period (2.2% QoQ exp.).

The cross is now losing 0.12% at 1.5105 with the immediate support at 1.5073 (low Feb.25) ahead of 1.5033 (Lower Bollinger) and finally 1.4949 (low Jul.12 2010).
On the upside, a breakout of 1.5219 (high Feb.26) would expose 1.5296 (MA10d) and then 1.5330 (high Feb.22).