Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the support zone of 1.32200.
The UK CPI y/y data released yesterday indicated that prices in the UK rose to the highest level since September 2011.
The UK flash PMI data will be released later at 1730 (GMT+8).
The Bank of England (BoE) will be announcing their monetary policy later at 2000 (GMT+8). It is expected that the central bank will be holding its monetary policy unchanged. Pay attention to any changes made to the number of committee members who voted for a change in quantitative easing or interest rate.
GBP/USD’s next support zone is at 1.32200 and its next resistance zone is at 1.33800.
Look for short-term selling opportunities of GBP/USD only when it breaks the support zone of 1.32200.
The UK CPI y/y data released yesterday indicated that prices in the UK rose to the highest level since September 2011.
- CPI y/y (Actual: 5.1%, Forecast: 4.8%, Previous: 4.2%)
- Core CPI y/y (Actual: 4.0%, Forecast: 3.7%, Previous: 3.4%)
The UK flash PMI data will be released later at 1730 (GMT+8).
- Flash Manufacturing PMI (Forecast: 57.2, Previous: 57.8 revised from 57.7)
- Flash Services PMI (Forecast: 58.2, Previous: 59.1 revised from 58.0)
The Bank of England (BoE) will be announcing their monetary policy later at 2000 (GMT+8). It is expected that the central bank will be holding its monetary policy unchanged. Pay attention to any changes made to the number of committee members who voted for a change in quantitative easing or interest rate.
GBP/USD’s next support zone is at 1.32200 and its next resistance zone is at 1.33800.
Look for short-term selling opportunities of GBP/USD only when it breaks the support zone of 1.32200.