GBP/USD moved higher as UK GDP Growth Rate beat analyst forecasts.
GBP/USD gained ground as traders focused on the better-than-expected GDP Growth Rate report. The report showed that GDP Growth Rate was +1.3% in the first quarter, compared to analyst forecast of +1.2%.
In case GBP/USD manages to settle above the resistance at 1.3300 – 1.3320, it will move towards the next resistance level at 1.3420 – 1.3440.
