On Friday, the British pound declined against the US dollar.
The GBP/USD pair was negatively affected by poor macroeconomic statistics released in the UK. In particular, Consumer Confidence declined from 2 points to 1 point in November, while an increase to 3 points was expected. Nationwide Housing Prices grew merely 0.1% against a forecasted growth by 0.5%, same as in the previous month.
Last week, the British currency was also under pressure from statements made by BoE Governor. Mark Carney rejected that UK interest rates may be raised in a short period of time.
Today, attention needs to be paid to UK Consumer Credit statistics, released by the Bank of England. The US, in its turn, publishes Chicago Purchasing Managers' Index and Pending Home Sales data. Favorable indicators may provide support for the national currencies.
The nearest support level is 1.4952 (23 January support level).
The nearest resistance level is 1.5073 (MA50).