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Friday, August 12th
GBP/USD
Current price: 1,2954 (0.0%)
Session range: Open 1.2956 High 1.2979 Low 1.2944
Latest trend: Bearish
Expected trend: Bearish
Daily volatility: Moderate
Support and resistance levels: S. 1.2880 R. 1.3064
Main drivers: US PPI, US Retail Sales
Overview: Pound has recovered smile against its American counterpart this morning lifting the pair to daily maximums near the level of 1.2980 as renewed broad based risk appetite is hitting up demand for risky assets such as GBP. However, the possibility of further BoE’s monetary policy easing continues weighing the pair.
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