FXstreet.com (Barcelona) - Tepid risk sentiment is dragging the cross to session lows in the 1.6020 region at the beginning of the week, following its European peer.
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).
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).
