Not as widespread as forecast UK house price decreases bullish for GBPUSD
Minus 21 per cent of respondents reported a decline in UK house prices in April after 9% reported increases in March according to RICS House Price Balance survey, when a 25% of respondents were expected to report decreases. This is bullish for GBPUSD.
Summary of technical analysis
|Buy stop||Above 1.2140|
|Stop loss||Below 1.2091|
Market Analysis provided by IFCMarkets
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