Overall, GBP/USD is trending downwards. Recently, GBP/USD broke below the key level of 1.35 and traded into the support zone of 1.34000 after the release of the strong U.S. CPI data.
The UK Preliminary GDP q/q data (Forecast: 1.5%, Previous: 5.5% revised from 4.8%) will be released later at 1500 (GMT+8).
Bank of England committee member Mann will be speaking later at 1845 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing the support zone of 1.34000 and the next resistance zone is at 1.36000.
Look for selling opportunities of GBP/USD if it breaks the support zone of 1.34000.
The UK Preliminary GDP q/q data (Forecast: 1.5%, Previous: 5.5% revised from 4.8%) will be released later at 1500 (GMT+8).
Bank of England committee member Mann will be speaking later at 1845 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing the support zone of 1.34000 and the next resistance zone is at 1.36000.
Look for selling opportunities of GBP/USD if it breaks the support zone of 1.34000.
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