GBP/USD Outlook (14 July 2021)
Overall, GBP/USD is ranging across. Recently, GBP/USD trended into the support zone of 1.38000 after the release of the strong U.S. CPI inflation data.
The UK CPI y/y data will be released later at 1400 (GMT+8).
Bank of England committee member Ramsden will be speaking tomorrow at 0100 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing the support zone of 1.38000 and the next resistance zone is at 1.40000.
Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.38000.
The UK CPI y/y data will be released later at 1400 (GMT+8).
- CPI y/y (Forecast: 2.2%, Previous: 2.1%)
- Core CPI y/y (Forecast: 2.0%, Previous: 2.0%)
Bank of England committee member Ramsden will be speaking tomorrow at 0100 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing the support zone of 1.38000 and the next resistance zone is at 1.40000.
Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.38000.
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