GBP/USD peels in-day losses near 1.1600 before the publication of important data today (Monday). To do this, GBP/USD strives to protect buyers during anxieties that the current inactivity in the United Kingdom may combine with recession anxieties in the country.
The British calendar for economic activities is prepared to entertain the buyers and sellers of GBP/USD today at 6.00 GMT. Also, the nation’s monthly GDP numbers will be published today. And, raising the importance of that time are the Trade Balance plus the Industrial Production data.
More Happenings with Potential of Influencing GBP/USD Price
After experiencing a decline of 0.6% in economic activities in June this year, market participants may be interested in July’s GDP publication. This will be used to affirm recent hawkish expectations from the National Bank (BOE). Also, this will be of much interest due to the recent election of the United Kingdom’s new Prime Minister.
Prediction proposed that the United Kingdom’s GDP will recover the past decline of 0.5% Month on Month recorded during July. Traders of GBP/USD are expecting the figures of the Service (3M/3M) for the time. Additionally, it is the Service 3M/3M may decline to -0.8% against a -0.4% for the same period, and this will provide more insight.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
