GBP/USD Outlook (19th September 2019)
Overall, GBP/USD is trending upwards. Recently, GBP/USD is trending upwards.
The British retail sales data released was as forecasted.
The Bank of England (BoE) will be announcing their interest rate decision at 1900 (SGT). It is expected that they will keep rate unchanged at 0.75% due to the existing Brexit uncertainty.
Currently, GBP/USD is testing the key level of 1.25. Its next support level is at 1.24000 and its next resistance level is at 1.26000.
The British retail sales data released was as forecasted.
- Retail Sales m/m (Actual: -0.2%, Forecast: -0.2%, Previous 0.4% revised from 0.2%)
The Bank of England (BoE) will be announcing their interest rate decision at 1900 (SGT). It is expected that they will keep rate unchanged at 0.75% due to the existing Brexit uncertainty.
Currently, GBP/USD is testing the key level of 1.25. Its next support level is at 1.24000 and its next resistance level is at 1.26000.
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