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GBP/USD holding below 1.27 as UK data awaits this morning

At 7am GMT this morning a whole batch of UK economic data will be released. This covers the final Q3 GDP reading, November Retail Sales, Final Q3 business investment, current account balance, government spending and private consumption. So, there is quite a lot for the UK markets to sink their teeth into there. The GBP/USD was saved by a dollar relapse yesterday and that helped it higher into the close. The pound ended the US session at 1.2690. However, it was not able to recapture the 1.27 handle yesterday and it not so far today either. Of course this UK data might deliver that shortly, or not. The range seen so far today has been covered by 1.2679 to 1.2692. It is currently trading at 1.2686
 

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