Overall, GBP/USD is trending upwards. Recently, GBP/USD has been ranging across.
The U.K. construction PMI data released was worse than forecasted. Not much price movement took place.
The U.K. construction PMI data released was worse than forecasted. Not much price movement took place.
- Construction PMI (Actual: 44.2, Forecast: 44.3, Previous: 43.3)
- Services PMI (Forecast: 49.6, Previous: 49.5)
If the data released is better than forecasted and greater than 50.0, the pound may strengthen.
GBP/USD’s next support level is at 1.27400 and the next resistance level is at 1.29800.