GBP/USD Outlook (15th October 2019)
Overall, GBP/USD is ranging across. Recently, GBP/USD trended upwards based on optimistic hope on Brexit deal as EU’s Brexit negotiator, Michel Barnier, mentioned “It is still possible to reach a Brexit deal; possible this week”.
Bank of England Governor Mark Carney will be testifying on the Financial Stability Report later at 1630 (SGT).
Expect volatility in GBP during this time.
GBP/USD’s next support level is at 1.25500 and the next resistance level is at 1.27400.
Bank of England Governor Mark Carney will be testifying on the Financial Stability Report later at 1630 (SGT).
Expect volatility in GBP during this time.
GBP/USD’s next support level is at 1.25500 and the next resistance level is at 1.27400.