GBP/USD Outlook (17 December 2021)
Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the resistance zone of 1.33800.
The Bank of England (BoE) surprised the market with an interest rate hike of 0.15% during their meeting yesterday. Eight out of nine committee members voted for a rate hike. Also, all nine members voted for QE to remain unchanged.
The UK Retail Sales data (Forecast: 0.8%, Previous: 0.8%) will be released later at 1500 (GMT+8).
GBP/USD’s next support zone is at 1.32200 and its next resistance zone is at 1.33800.
Look for short-term buying opportunities of GBP/USD.
The Bank of England (BoE) surprised the market with an interest rate hike of 0.15% during their meeting yesterday. Eight out of nine committee members voted for a rate hike. Also, all nine members voted for QE to remain unchanged.
The UK Retail Sales data (Forecast: 0.8%, Previous: 0.8%) will be released later at 1500 (GMT+8).
GBP/USD’s next support zone is at 1.32200 and its next resistance zone is at 1.33800.
Look for short-term buying opportunities of GBP/USD.