FXstreet.com (Barcelona) - The Pound has pulled down to levels right below 1.6700 after UK GDP has been revised to a 0.3% decline on the third quarter and a 5.1% year on year drop from -0.4% and -5.2% declines previously estimated.
GBP/USD rally from 1.6495 low on Tuesday has been capped at 1.6727 on early European session, and the pair has dipped to 1.6670 after UK GDP revision was released. At the moment of writing the pair trades at 1.6685.
On the downside, the Pound could find support at 1.6650 (Nov 13 high), and below here, 1.6570 (Nov 13 low) 1.6500/15 (Nov 12/24 low). On the upside resistance levels lie at 1.6725 session high, and above here, 1.6755 (Nov 19 high) and 1.6800.