Mon, Nov 30, 2020 @ 17:42 GMT
Home Contributors Fundamental Analysis UK's Rightmove House Price Index Rose In August

UK’s Rightmove House Price Index Rose In August

For the 24 hours to 23:00 GMT, the GBP rose 0.15% against the USD and closed at 1.3088 on Friday.

In the Asian session, at GMT0300, the pair is trading at 1.3103, with the GBP trading 0.11% higher against the USD from Friday’s close.

The pair is expected to find support at 1.3054, and a fall through could take it to the next support level of 1.3005. The pair is expected to find its first resistance at 1.3147, and a rise through could take it to the next resistance level of 1.3191.

Overnight data showed that UK’s Rightmove house price index rose 4.6% on a yearly basis in August, compared to a rise of 3.7% in the prior month.

The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

GCI Financialhttp://www.gcitrading.com/
DISCLAIMER : GCI's Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

Featured Analysis

Learn Forex Trading