Overall, GBP/USD is ranging across. Recently, GBP/USD bounced down from the key level of 1.39.
The UK CPI y/y data released yesterday indicated a higher-than-expected increase in annual inflation.
The UK employment data will be released later at 1400 (GMT+8).
Bank of England committee member Saunders will be speaking later at 1800 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is moving towards the support zone of 1.38000 and the next resistance zone is at 1.40000.
Look for short-term buying opportunities of GBP/USD if it bounces off the support zone of 1.38000.
The UK CPI y/y data released yesterday indicated a higher-than-expected increase in annual inflation.
- CPI y/y (Actual: 2.5%, Forecast: 2.2%, Previous: 2.1%)
- Core CPI y/y (Actual: 2.3%, Forecast: 2.0%, Previous: 2.0%)
The UK employment data will be released later at 1400 (GMT+8).
- Average Earnings Index 3m/y (Forecast: 7.1%, Previous: 5.6%)
- Claimant Count Change (Forecast: -32.5K, Previous: -92.6K)
- Unemployment Rate (Forecast: 4.7%, Previous: 4.7%)
Bank of England committee member Saunders will be speaking later at 1800 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is moving towards the support zone of 1.38000 and the next resistance zone is at 1.40000.
Look for short-term buying opportunities of GBP/USD if it bounces off the support zone of 1.38000.