The market lacks guidance and GBP/USD trades around 1.5600

On Monday (December 26) in Asian market, GBP/USD oscillated sideways around 1.5600, the price is below the 20-day moving average, and the short-term moving average indicator is bearish. The data released by the UK on Friday showed that the December Hometrack price index month The rate dropped by 0.2%, and the annual rate dropped by 2.1%. After the release of the data, the pound/dollar unilateral decline trend, dropping from 1.5680-90 area to below 1.5600.

On Monday, as many major markets remained in the Christmas holiday, the market lacked guidance and GBP/USD was lightly traded.

Some analysts pointed out that the European Central Bank has eased the market's tension on the European debt issue to release liquidity to the market. However, due to the threat of investors facing the downgrade of the major countries in the euro area, all the good news has shown a boost in market confidence. That's not enough power.

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