Overall, GBP/USD is ranging across. Recently, GBP/USD bounced off the support zone of 1.38000.
The UK employment data released yesterday indicated a strong increase in average earnings while the number of people claiming for unemployment benefits continued to decline faster than forecasted. However, unemployment rate inched higher.
During his speech yesterday, Bank of England committee member Saunders said that early quantitative easing tapering will be discussed in the upcoming monetary policy meetings amid the recent strong economic activities and inflation.
GBP/USD’s next support zone is at 1.38000 and the next resistance zone is at 1.40000.
Look for short-term buying opportunities of GBP/USD.
The UK employment data released yesterday indicated a strong increase in average earnings while the number of people claiming for unemployment benefits continued to decline faster than forecasted. However, unemployment rate inched higher.
- Average Earnings Index 3m/y (Actual: 7.3%, Forecast: 7.1%, Previous: 5.7% revised from 5.6%)
- Claimant Count Change (Actual: -114.8K, Forecast: -32.5K, Previous: -151.4K revised from -92.6K)
- Unemployment Rate (Actual: 4.8%, Forecast: 4.7%, Previous: 4.7%)
During his speech yesterday, Bank of England committee member Saunders said that early quantitative easing tapering will be discussed in the upcoming monetary policy meetings amid the recent strong economic activities and inflation.
GBP/USD’s next support zone is at 1.38000 and the next resistance zone is at 1.40000.
Look for short-term buying opportunities of GBP/USD.