Overall, GBP/USD is trending downwards.
The UK flash PMI data released yesterday indicated that the manufacturing sector expanded at a faster pace in November while the services sector expanded at the same pace as in previous month.
- Flash Manufacturing PMI (Actual: 58.2, Forecast: 57.2, Previous: 57.8 revised from 57.7)
- Flash Services PMI (Actual: 58.6, Forecast: 58.6, Previous: 59.1 revised from 58.0)
Bank of England committee member Tenreyro will be speaking later at 2230 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing the support zone of 1.33800 and the next resistance zone is at 1.36000.
Look for short-term buying opportunities of GBP/USD if it rejects the support zone of 1.33800.
The UK flash PMI data released yesterday indicated that the manufacturing sector expanded at a faster pace in November while the services sector expanded at the same pace as in previous month.
- Flash Manufacturing PMI (Actual: 58.2, Forecast: 57.2, Previous: 57.8 revised from 57.7)
- Flash Services PMI (Actual: 58.6, Forecast: 58.6, Previous: 59.1 revised from 58.0)
Bank of England committee member Tenreyro will be speaking later at 2230 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing the support zone of 1.33800 and the next resistance zone is at 1.36000.
Look for short-term buying opportunities of GBP/USD if it rejects the support zone of 1.33800.
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