Forex: GBP/USD moves off 1.5928 support

By FXstreet.com | November 23, 2012 AAA

FXstreet.com (Barcelona) - Having made a morning low at 1.5928, just below daily Camarilla S2 support at 1.5930, GBPUSD has climbed to trade at 1.5942, below the daily pivot point at 1.5946.



Spot declined from a morning high of 1.5966 as mild German GDP and Ifo data registered during the early morning. However, better than expected UK Mortgage Applications data followed as price eventually found support. With the US volume expected to be lower than usual due to yesterday's Thanksgiving celebration, focus will fall on the body of Canadian CPI data out at 13:30 GMT.



Elsewhere, European equities have moved off their lows with both The DAX and The FTSE 100 flat. US futures too are in positive territory, commodities are mixed to higher and critical yields are mixed but stable.



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