The Pound is hovering over 1.3900 after fading heavy momentum to the downside.
It remains to be seen whether the Dollar index continues to secure a firm grasp of the 92.000 handle, and for once it seems that US housing data won’t present too much of an impediment as existing home sales came in a tad above consensus, albeit slightly down from the prior month.
GBP/USD seems to have had some respite recently but whether or not it will continue to the upside remains unclear until a few more daily closures have passed.
It remains to be seen whether the Dollar index continues to secure a firm grasp of the 92.000 handle, and for once it seems that US housing data won’t present too much of an impediment as existing home sales came in a tad above consensus, albeit slightly down from the prior month.
GBP/USD seems to have had some respite recently but whether or not it will continue to the upside remains unclear until a few more daily closures have passed.
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