Opinion on the GBP/USD pair: Data on housing prices

The British pound is trying to stabilize its position against the US dollar after some decline in the beginning of trading on Tuesday. The decrease in the British currency was facilitated by the partial profit-taking by investors after the growth on Monday, as well as the strengthening of the US dollar across the entire spectrum of the market. For more information, see Analysis of the American session.

At the moment, some support for the British is provided by data on housing prices in the UK. The index of housing prices by Halifax in October increased by 0.3%, which is below the September growth of 0.8%. The annual growth rate was 4.5%, exceeding the previous value of 4.0%.

Technical analysis: For the last couple of hours, the pair has shown quite a moderate dynamics. One should consider the resistance levels at the marks 1.3180; 1.3200; support levels at the marks 1,3100; 1.3060.

Fig. GBP/USD current price – 1.3146

Alexander Sivtsov