The British pound has stabilized at a base of $1.25, but remains near three-month lows as investors prepare for the release of a range of economic data, including the UK's monthly GDP and employment figures. .
At the same time, there is a sense of caution surrounding next week's political conferences in the UK and US. Last week, Bank of England Governor Andrew Bailey suggested the Bank of England was nearing the end of its series of rate hikes, even as continued inflationary pressures loomed over the prospect of further rate hikes.
GBPUSD SELL 1.2510 - 1.2530 🔼🔼
✅TP1: 1.2490
✅TP2: 1.2460
🚫SL 1.2550
At the same time, there is a sense of caution surrounding next week's political conferences in the UK and US. Last week, Bank of England Governor Andrew Bailey suggested the Bank of England was nearing the end of its series of rate hikes, even as continued inflationary pressures loomed over the prospect of further rate hikes.
GBPUSD SELL 1.2510 - 1.2530 🔼🔼
✅TP1: 1.2490
✅TP2: 1.2460
🚫SL 1.2550
