In the data front, Rightmove House Price Index rose 3.5% MoM in October and 1.5% over the last twelve months, both prints better than September’s -0.6% and +0.7% respectively.
No more data on Monday, ahead of the BoE minutes to be released on Wednesday.
As of writing, GBP/USD is down 0.31% at 1.6027 with the immediate support at 1.5982 (Lower Bollinger) followed by 1.5975 (lows. Oct.9-10) then 1.5960 (low Sep.10) and 1.5927 (MA55d).
On the upside, a break above 1.6142 (high Oct.8) would expose 1.6149 (MA21d) then 1.6218 (high Oct.5) and 1.6273 (high Sep.28).