GBP/USD off lows, aims to 1.3200

After briefly dipping to the area of 1.3180/75, GBP/USD’s recovery is now attempting to retake the 1.3200 key barrier.

GBP/USD lower despite USD losses

The risk-associated space is showing a mixed performance today despite the greenback continues to shed ground across the board after market participants have perceived yesterday’s FOMC comments as tilted to the dovish side.

In the meantime, upbeat GDP results on Wednesday showed the UK economy remained in good health during the second quarter, although results have been rapidly watered down as they represent data before the ‘Brexit’ vote.

On the UK’s data front, house prices tracked by Nationwide rose 0.5% MoM  and 5.2% on a yearly basis.

GBP/USD levels to consider

As of writing the pair is losing 0.26% at 1.3189 and a break below 1.3061 (low Jul.20) would aim for 1.2849 (low Jul.11) and then 1.2797 (20916 low Jul.6). On the other hand, the next up barrier aligns at 1.3321 (23.6% Fibo of 1.5020-1.2796) followed by 1.3481 (high Jul.15) and finally 1.3535 (high Jun.29).