Pound Weakens impact of falling UK Housing Sector Performance
www.fxbom.com
02:38 PM
Pound currency pairs trade on GBP/USD this afternoon (30-06) was observed to weaken and the pair was trading at around 1.5047.
Pound weakened along with the presence of a negative signal on the British economy, where it is indicated by the decline in performance on the housing sector in the country.
Indicators Nationwide HPI m / m reported decreased to 0.1%, which were previously estimated to only be down to 0.3% from the previous value of 0.5%. It was responded negatively by investors in forex trading.
Fxbom.com analysts suggested that the pound sterling currency in the currency pair GBP/USD is estimated to still have a potential to weaken and is expected to face support on the intraday trading range of 1.4999.
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