GBP/USD Update – 22/05/2017 (10:24am) – by Arjun Lakhanpal

May 22, 2017 by

GBP/USD UPDATE – 22/05/2017 (10:24am): GBP has started the week with an offered tone, with GBPUSD back below 1.3000 as London walk in due to this tightening in the election. Data is light this week with the first print of Q1 GDP released on Thursday. Overnight saw House Price data come in at +1.2% MoM vs 1.1% pr.  GBPUSD support at 1.2888, ahead of 1.2830 and 1.2750 with resistance now at 1.3050. However traders still happy to buy dips to 1.2940-50 area in the s/t.