GBP/USD Outlook (3rd October 2019)
Overall, GBP/USD is trending upwards. Recently, GBP/USD has been ranging across.
The U.K services PMI data released earlier on was worse than forecasted and the services sector was in contraction last month.
Yesterday, Boris Johnson proposed to the EU to remove the Northern Ireland “backstop” from the Brexit Withdrawal Agreement.
Currently, GBP/USD is testing the support level of 1.23000 and the next resistance level is at 1.25500.
The U.K services PMI data released earlier on was worse than forecasted and the services sector was in contraction last month.
- Services PMI (Actual: 49.5, Forecast: 50.3, Previous: 50.6)
Yesterday, Boris Johnson proposed to the EU to remove the Northern Ireland “backstop” from the Brexit Withdrawal Agreement.
Currently, GBP/USD is testing the support level of 1.23000 and the next resistance level is at 1.25500.