GBP/USD closer to 1.3100 on UK GDP

GBP/USD remained apathetic after today’s releases in the UK docket, currently hovering over the 1.3110 region.

GBP/USD muted on upbeat data

Spot has barely reacted after UK’s preliminary GDP figures showed the economy is expected to expand 0.6% inter-quarter during Q2 and 2.2% on a yearly basis, both prints coming in above estimates although they currently represent activity pre-‘Brexit’.

The pair keeps the trade in red figures amidst renewed buying pressure around the greenback ahead of the key FOMC meeting due this evening in Europe.

GBP/USD levels to consider

As of writing the pair is losing 0.17% at 1.3112 and a break below 1.3061 (low Jul.20) would aim for 1.2849 (low Jul.11) and then 1.2797 (20916 low Jul.6). On the other hand, the next up barrier aligns at 1.3321 (23.6% Fibo of 1.5020-1.2796) followed by 1.3481 (high Jul.15) and finally 1.3535 (high Jun.29).