GBP/USD ticking higher as sterling garners support from the strong February Rightmove housing price data, which showed asking prices have jumped by 3.2%, the biggest monthly move in almost three years. However, BNP Paribas notes viewer traffic declined, suggesting that higher asking prices are unlikely to translate into a lasting stabilization of the housing market. For GBP/USD the bank sees support at 1.5550, but says once this gives way then risk is toward 1.5220. GBP/USD now trades at 1.5686.
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