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• GBP/USD slipped lower on Thursday as stronger greenback offset upbeat UK GDP data.
• Dollar firmed after U.S. President Donald Trump calmed market anxiety over potential U.S. military action against Iran.
• Britain’s economy expanded more than expected in November, supported by a return to full production at Jaguar Land Rover following a cyberattack that disrupted the carmaker and its suppliers.
• Gross domestic product rose 0.3% month-on-month the fastest pace since June after contracting 0.1% in October, official data showed on Thursday.
• Investors continued to almost fully price in two quarter point interest rate cuts by the BoE this year.
• Immediate resistance is located at 1.3445(50%fib), any close above will push the pair towards 1.3481(50%fib)
• Strong support is seen at 1.3363(50% fib) and break below could take the pair towards 1.3332(Lower BB).
Recommendation: Good to sell around 1.3400 with stop loss of 1.3480 and target price of 1.3320
