The British pound has moved sharply higher against the greenback, as the U.S dollar index falls to its weakest trading level in over a month, following the FOMC Meeting Minutes on Wednesday. The GBPUSD pair has traded as high as 1.3330 in intraday trading, before pulling back slightly to test overall demand around the 1.3300 handle. Earlier, GDP data showed that the UK grew at a pace of 0.4 percent in the third fiscal quarter, with annual GDP growth also coming in-line with initial estimates, at 1.5percent.
The GBPUSD pair remains intraday bullish while trading above the 1.3307 level, further upside towards 1.3360 and 1.3400 levels is now expected.
Any decline below the 1.3307 level, may see sellers push-price action back towards the 1.3268 and 1.3230 levels.
