British Pound (GBP)

Sterling has weakened and is attempting to recover against Dollar on the back of the better than expected US new home sales index and US market easing initial loses. Overall, GBP/USD traded with a low of 1.6158 and with a high of 1.6351. Today, The Nationwide Housing Price Index expected at 0.6% vs. 1.3% previously. The Business Investment expected at-3.6% vs. -7.6% previously. Also today, the Confederation of British Industry (CBI) Distributive Trades Survey (DTS) expected at -11 vs. -15 previously.