FXstreet.com (Barcelona) - The sterling is inching higher on Monday, following its European peer against the greenback. Increasing risk appetite has prevailed overnight and continues to dominate the markets, ahead of the opening bell in London.
The only relevant data in the UK will be on Thursday, where the GDP preliminary figures during the third quarter in the British economy will be published. Prior surveys expect the economy to grow 0.6% QoQ and remain at -0.5% on a yearly basis.
GBP/USD is up 0.15% at 1.6036 facing the next hurdle at 1.6054 (MA10d) ahead of 1.6105 (MA21d) then 1.6178 (high Oct.17) and 1.6218 (high Oct.5).
On the downside, a breach of 1.5990 (hourly low Oct.22) would expose 1.5975 (lows Ocy.9-10) and then 1.5960 (Lower Bollinger).
The only relevant data in the UK will be on Thursday, where the GDP preliminary figures during the third quarter in the British economy will be published. Prior surveys expect the economy to grow 0.6% QoQ and remain at -0.5% on a yearly basis.
GBP/USD is up 0.15% at 1.6036 facing the next hurdle at 1.6054 (MA10d) ahead of 1.6105 (MA21d) then 1.6178 (high Oct.17) and 1.6218 (high Oct.5).
On the downside, a breach of 1.5990 (hourly low Oct.22) would expose 1.5975 (lows Ocy.9-10) and then 1.5960 (Lower Bollinger).
