Market Overview

GBP/USD Lower Ahead of Data

Share:

GBP/USD is trading at 1.2405, down 0.0107.

The pair is trading rangebound just above the session lows as European traders wind down trading for the day.

Market chatter about the U.S. election on Tuesday, U.K. headline news and global money flows has kept buyers and sellers active. The U.K Halifax House Price Index rose 1.4 percent in October versus a upwardly revised 0.3 percent gain in September. Year over year house prices were up 5.2 percent versus 5.8 in September.

Market talk about U.K. economic data due out Tuesday is starting to make the rounds.

The U.K. Office for National Statistics is scheduled to release industrial production data at 4:30 a.m. ET. The National Institute of Economic and Social Research (NIESR) is scheduled to release gross domestic product (GDP) estimates at 10:00 a.m. ET.

Posted-In: british pound GBP/USDFutures Forex Markets

 

Related Articles

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Oracle's Discipline Pays Off As NetSuite Deal Succeeds

Technical Alert: Priceline Group Higher Ahead Of Q3 Report