“¢ US economic growth stood at 3.2% annualized pace during the first quarter of 2019. “¢ USD bulls seemed unimpressed by the stellar GDP print and helped limit the downside. The GBP/USD pair finally broke out of its intraday consolidative range and refreshed session lows, around the 1.2875 region post-US GDP, albeit quickly recovered few pips thereafter. The pair did witness a modest intraday uptick, albeit lacked any strong follow-through and remained capped below the 1.2915-20 supply zone in wake of the lack of progress in the UK cross-party talks to break the Brexit deadlock. Meanwhile, the US Dollar reversed an early dip and regained positive traction following the release of advance (first estimate) of the US GDP report, showing that the economic growth stood at 3.2% annualized pace during the first quarter of 2019. The reading was better than the previous quarter’s final reading of 2.2% growth and surpassed even the most optimistic estimates and might now force investors to start pricing in a hawkish shift in the FOMC’s outlook when it announces its latest monetary policy update next Wednesday. However, the market reaction to the stellar GDP print turned out to be rather muted and failed to provide a goodish lift to the greenback, which eventually helped the pair to hold its neck above two-month lows set in the previous session. Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed will not change their patient stance – Nordea Markets FX Street 4 years "¢ US economic growth stood at 3.2% annualized pace during the first quarter of 2019. "¢ USD bulls seemed unimpressed by the stellar GDP print and helped limit the downside. The GBP/USD pair finally broke out of its intraday consolidative range and refreshed session lows, around the 1.2875 region post-US GDP, albeit quickly recovered few pips thereafter. The pair did witness a modest intraday uptick, albeit lacked any strong follow-through and remained capped below the 1.2915-20 supply zone in wake of the lack of progress in the UK cross-party talks to break the Brexit deadlock.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.