GBP/USD fighting to regain the 1.41 handle after dumping against the Dollar

• The Sterling is regaining lost ground following the Dollar's gain on Wednesday's bullish action.
• UK data drops at the start of the London session, with GDP and mortgage figures expected to decline slightly against the previous figures as economic figures constrict slightly in 2018's first quarter.

The GBP/USD is clawing back as the Greenback recedes following Wednesday's run up the charts, and the Sterling has pushed back up to the 1.4090 area ahead of the European markets.

The Sterling was largely unaffected by Nationwide Housing prices that came in under expectations, with the year-on-year figures for March printing at 2.1 percent, a miss of the forecast 2.6 percent.

At 08:30 GMT the UK drops GDP figures for the fourth quarter of 2017, and the forecast is expected at 1.4 percent with Mortgage Approvals expected at 66 million, versus the previous period's 67.48 million.

GBP/USD Levels to watch

With the Greenback's pullback in the Asia session, support is being priced in at today's new low near 1.4060, and a bearish break will run into further support from last week's swing low near 1.3985, while resistance is priced in at yesterday's wing lows near 1.4165 and this week's current high at 1.4240.