Overall, GBP/USD is ranging across. Recently, GBP/USD trended into the resistance zone of 1.36000.
During the monetary policy meeting yesterday, the Bank of England hiked interest rate by 0.25% from 0.25% to 0.50% in an effort to tame the rising inflation in the UK. The central bank’s Governor Andrew Bailey also highlighted during the press conference that more rate hikes can be expected.
The UK Construction PMI data (Forecast: 54.3, Previous: 54.3) will be released later at 1730 (GMT+8).
Bank of England MPC Member Broadbent will be speaking later at 2015 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing the resistance zone of 1.36000 and the next support zone is at 1.33800.
If GBP/USD breaks the resistance zone of 1.36000, look for short-term buying opportunities of GBP/USD up until the release of the U.S. NFP data at 2130 (GMT+8).
During the monetary policy meeting yesterday, the Bank of England hiked interest rate by 0.25% from 0.25% to 0.50% in an effort to tame the rising inflation in the UK. The central bank’s Governor Andrew Bailey also highlighted during the press conference that more rate hikes can be expected.
The UK Construction PMI data (Forecast: 54.3, Previous: 54.3) will be released later at 1730 (GMT+8).
Bank of England MPC Member Broadbent will be speaking later at 2015 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing the resistance zone of 1.36000 and the next support zone is at 1.33800.
If GBP/USD breaks the resistance zone of 1.36000, look for short-term buying opportunities of GBP/USD up until the release of the U.S. NFP data at 2130 (GMT+8).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.