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Forex pairs in this Article » GBP/USD
FXstreet.com (Barcelona) - The recent upside in the sterling is losing momentum at the moment, retracing ground from overnight highs in the vicinity of 1.6020 after the Nationwide Housing Prices have contracted 1.2% on a year through November, missing estimates at -0.9%.

UK docket comprises Consumer Credit, M4 Money Supply, Mortgage Approvals and Net Lending to Individuals. All preceding a speech by BoE Governor M.King and the Financial Stability Report.

GBPUSD is now losing 0.04% at 1.6007 with the immediate support at 1.5962 (MA21d) ahead of 1.5956 (MA10d) and then 1.5860 (MA200d).
On the other hand a breakout of 1.6056 (high Nov.27) would expose 1.6061 (MA55d) and then 1.6126 (Upper Bollinger).
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