The Sterling is continuing to trade against the Dollar in a symmetrical triangle pattern.
In result of the previous trading session the bullion gained 0.7% against the buck.
New trading week the currency exchange rate began in resistance zone located around the 1.1870 mark.
The yellow metal has passed the support level, which forced it higher during the past trading sessions.
On Friday morning it seemed that the Euro had stopped its advance against the US Dollar.
The US economy expanded at its strongest pace in two years in the Q3, fuelled by solid business spending.
The US economy expanded at its strongest pace in two years in the Q3, fuelled by solid business spending.
The bullion continued to climb upwards against the buck in the little rising wedge.
The US home sales rose more than anticipated in November to reach the highest level in 11 years, indicating that the property market growth started to regain momentum after procrastination for the most of the year.
The US home sales rose more than anticipated in November to reach the highest level in 11 years, indicating that the property market growth started to regain momentum after procrastination for the most of the year.
The Euro continued to advance against the Dollar as expected.
The US Dollar kept strengthening against the Japanese Yen on the US property market data and current account report.
The US single-family housing starts and building permits increased to the ten-year highs in November, providing a hopeful sign for the real estate market that was hindered by supply constraints.
The price of yellow metal continued to grow yesterday despite the progress made on final adoption of tax reform.
The common European currency continued to advance against the Dollar yesterday, reaching the 1.1845 mark.
In line with expectations, the currency rate spent previous trading day moving horizontally between the 112.80 and 112.45 levels.
The British Pound appreciated against the US Dollar by 0.7% yesterday.
In result of previous trading session the exchange rate has broken the three-week long descending channel.
In result of formation of the head and shoulders pattern, the currency rate managed to break above the monthly PP at 1.1806.
In result of the previous trading session the pair fell to 112.10 but then resumed the surge and started new week at 112.70.
Because of sudden news that came from Brussels on Friday, the Pound lost more than 100 points against the Dollar.
The yellow metal is trying to pave the path to the north through the upper boundary of a medium-term descending channel.
As the House and Senate managed to reach agreement on tax reform, the Dollar strengthened against the Euro.
Despite the progress made on tax reform, the buck did not notably appreciate against the bullion.