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GBP/USD Outlook (19th September 2019)

FX:GBPUSD   Sterlina / Dollaro
Overall, GBP/USD is trending upwards. Recently, GBP/USD is trending upwards.

The British retail sales data released was as forecasted.
  • Retail Sales m/m (Actual: -0.2%, Forecast: -0.2%, Previous 0.4% revised from 0.2%)

The Bank of England (BoE) will be announcing their interest rate decision at 1900 (SGT). It is expected that they will keep rate unchanged at 0.75% due to the existing Brexit uncertainty.

Currently, GBP/USD is testing the key level of 1.25. Its next support level is at 1.24000 and its next resistance level is at 1.26000.

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