GBPUSD
In the UK, the GDP grew by 1.8% on a year-to-year basis. On a quarterly basis, Britain registered a meager growth of 0.5%, which was also in line with expectations for no change from the previous reading.
Looking ahead, traders will focus on a trio of reports on activity in the manufacturing, construction and services sectors for further indications on the continued effect that the Brexit turmoil is having on the economy.
If the GBPUSD pair stays above the 1.2668 major support level on a daily basis, we will see the key resistance levels at 1.2723 and 1.2807. On the other hand, if the pair breaks down below 1.2668, the next support level can be found at 1.2607.
Support : 1.2668 - 1.2607 - 1.2528
Resistance : 1.2723 - 1.2807 - 1.2871
01 Jul 19 (Mon)
06:48 am
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