FxWirePro: GBP/USD flat-lined in Asia, awaits UK GDP data

GBP/USD trades in a narrow 12 pip range between 1.5358/46 through the Asian session.

• Markets focus now on UK prelim GDP estimate for the third quarter, which is expected to show a marginal slowdown in growth
   
• Expectations are for 0.5-0.6% growth in Q3 q/q after 0.7% in Q2, while on yearly basis GDP growth is expected to show a 2.4% expansion
   
• US September durable goods orders along with the Conference Board consumer confidence index for October due later in NY session also to impact the pair
   
• Cable is currently trading at 1.5350, with strong support seen by 200-DMA at 1.5331, while immediate resistance is located at 1.5383 (55 EMA)
   
• Breaks below 1.5330 could see the pair at 1.5300 and further below at 1.5245 levels