Overall, GBP/USD is trending downwards. Recently, GBP/USD has been ranging around the support level of 1.22745.
The U.K. Construction PMI data (Actual: 39.3, Forecast: 44.0, Previous: 52.6) released yesterday was worse than forecasted. The U.K. construction sector faces the worse contraction since April 2009.
Earlier today, it was report that British Prime Minister Boris Johnson was moved to the ICU after the worsening of his coronavirus symptoms.
Currently, GBP/USD is testing the support level of 1.22745 and next resistance level is at 1.25500.
The U.K. Construction PMI data (Actual: 39.3, Forecast: 44.0, Previous: 52.6) released yesterday was worse than forecasted. The U.K. construction sector faces the worse contraction since April 2009.
Earlier today, it was report that British Prime Minister Boris Johnson was moved to the ICU after the worsening of his coronavirus symptoms.
Currently, GBP/USD is testing the support level of 1.22745 and next resistance level is at 1.25500.