GBP Second Estimate GDP q/q  to be released today . Though the chances of it being unchanged are likely it is expected to create some movement in the market. Not to forget most of the date released in the month of NOVEMBER was discounted by the market as there is an increased expectation of US rate hike.

Never the less the first week of DEC is full of surprise and to look out for.

As of now GBP/USD is trading at 1.5091 with very low liquidity in the market.

levels to look out for today

upside of 1.5123 and 1.5152 a break above this level would lead to 1.5186

downside of 1.5065 a break below this level would lead to 1.5027.