Price Movement Since yesterday, GBP/USD has been more on the bearish side.
Trend GBP/USD is trending upwards.
Macro Background Average Earnings Index, a leading indicator of consumer inflation that measures the change in the price businesses and the government pay for labor (including bonuses), is expected to remain the same as previous month.
Unemployment Rate, a measure of the percentage of total work force that is unemployed and actively seeking employment during the past 3 months, is expected to remain the same as previous month.
Despite the importance of the data to be released, GBP/USD’s movement may be muted by the uncertainty of Brexit.
Important Issue Last night, British Prime Minister Teresa May’s announcement of her Brexit Plan B led to the disappointment of many as her Plan B is very similar to the initial Plan A.
Technical GBP/USD tested and rejected the 1.29 level.
Price Levels Current Price: 1.28625 Next Support: 1.27431 Next Resistance: 1.30000