Forex: GBP/USD trying to push higher, eyeing 1.6020
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GBP/USD
FXstreet.com (San Francisco) - [Current price: 1.6017] GBPUSD bulls hold a slight advantage in late Asia, yet, is practically unchanged as the market "lacks momentum at the time being," says Valeria Bednarik, Chief Analyst at FXstreet.com. "Steady gains above 1.6020 will likely see an extension toward the 1.6050/60 area, as long as 1.5990 holds the downside."
In the European session ahead, fundamental focus will fall on Swiss growth figures for Q3 (forecast: +0.9% y/y, +0.2% q/q), as well as German unemployment data, which is expected to rise by 16K in November, and the unemployment rate to remain at 6.9%. In the UK, Nationwide Housing Price numbers are on the docket at 07:00 GMT, along with Oct Mortgage Approvals at 09:30.
In the European session ahead, fundamental focus will fall on Swiss growth figures for Q3 (forecast: +0.9% y/y, +0.2% q/q), as well as German unemployment data, which is expected to rise by 16K in November, and the unemployment rate to remain at 6.9%. In the UK, Nationwide Housing Price numbers are on the docket at 07:00 GMT, along with Oct Mortgage Approvals at 09:30.
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