- The pound among the best performers in the G10 group.
- The dollar with mixed results, the DXY falls modestly.
- The GBP / USD is advancing for the second day in a row.
The GBP / USD broke above 1.3280 and gained momentum climbing to 1.3319, the highest since Friday. The pair remains above 1.3300 with a bullish tone in the preview of the American session.
From a perspective, GBP / USD continues to trade sideways with support at the recent lows of 1.3170. If it continues, the next strong resistance is seen at 1.3355 / 65. If this zone breaks, the bullish moment could intensify, enabling advance to 1.3400.
Negotiations continue in the US to try to approve the president’s social package Biden. Regarding data, on Wednesday the report of Third quarter GDP, which could go unnoticed as it is the third reading, which is expected to show no surprises. Later it will be the turn of the Conference Board consumer confidence index.
In the United Kingdom, it was known that the economy grew slightly less than expected in the third quarter, at a rate of 1.1%, below the previous estimate of 1.3%; this is a slowdown from 5.4% in the second quarter.
The data had no impact on the libra which followed with a moderate advance in the market. Nor is it being impacted on Wednesday by the political situation in the United Kingdom, after the resignation days ago of the Brexit minister and the images of Johnson in a meeting during the validity of the restrictions.
Technical levels
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