GBP – The pound is under pressure and capped by the 25-day moving average

The pound continues to be capped by the 25-day moving average against the dollar, currently at 1.3410. Significant resistance is expected at 1.3550, where the pound previously found itself clearly, and this level will also be considered important resistance, with the next level expected at 1.3720. Support is seen at 1.33, followed by 1.32 and 1.3150, with the key level at 1.30.

Forecast range:
Resistance 1.3410* - 1.3550 – 1.3650 – 1.3720
Support 1.3300* – 1.3200 – 1.3150 – 1.3000*

This Week's News:
17 / 6. UK May Core Producer Output Price Index (OPC) YoY +2.3%
UK May Core Producer Output Price Index (OPC) MoM +0.8%
UK May Producer Output Price Index (OPC) YoY +4.0%
UK May Producer Output Price Index (OPC) MoM +0.5%
UK May Producer Input Price Index (OPI) YoY +8.7%
UK May Producer Input Price Index (OPI) MoM +0.2%
UK May Core CPI YoY +2.6%
UK May CPI YoY +2.8%, MoM +0.2%
UK May Retail Price Index (RPI) YoY +3.1%, MoM +0.2%

Focus:
Thursday: UK Employment Data (14:00)

Friday: UK GfK June Consumer Confidence Index (07:01)
UK May Retail Sales (14:00)

Any questions? contact our professional analysis team