GBPUSD pair yesterday bounced off the major resistance at 1.3880 which is additionally strengthened by 200 SMA (red line) and upper limit of the 1:1 structure. Today, one can see that the downward move is being continued following the release of data pack from the UK. GDP expanded by 4.8 % in the second quarter fueled by retail, restaurants and hotels, however today's reading came in below market expectations of 5.1%. Therefore if current sentiment prevails then, support at 1.3805 may be at risk.
GBPUSD, H1 interval. Source: xStation5
Daily Summary: Iran Uninterested in Trump’s Peace Plan
No surprises from UK CPI, as hopes rise for peace in the Middle East
Mixed US PMI data 🗽EURUSD gains
Rachel Reeves battles against rising oil prices
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
