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GBP/USD nearing bears’ last stand at 1.6259

FXstreet.com (Barcelona) – The GBP/USD is trading just below key resistance of 1.6259 as we open the new week. Will this week’s data spur on a breakout or lead to a failure at the key level?

GBP/USD traders to react to British and US data on Monday

GBP/USD traders will be monitoring the British housing prices and mortgage approval data due out during the European session Monday. Then, during the US trading hours, US Pending Home sales and the Dallas Fed Manufacturing Index will be released which could also inspire some movement in either direction for the cross.

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