Tentative deal reached to avoid US government shutdown
Speech by BOE Governor Carney
Price Movement Since yesterday, GBP/USD had moved down by around 70pips.
Trend GBP/USD is trending downwards.
Macro Background No major economic data release.
Important Issue U.S. congressional negotiators have reached a tentative deal to fund the government and avoid a future government shutdown. The passing of the deal will prevent those employees who were affected during the 35-day partial government shutdown from having to once again miss future paychecks.
Bank of England governor Mark Carney will be speaking in London about the economic outlook and global trade tensions tonight at 2100 (SGT). Volatility is expected.
Technical GBP/USD is currently testing the support level of 1.28667.
Price Levels Current Price: 1.28674 Next Resistance: 1.30000 Next Support: 1.28667
Nice analysis, this is how i'm looking at it med. term, GBPUSD H1 Bearish Running Flat. Checkout the idea detail's and updates for my complete picture.