GBP – The British pound remained range-bound.

GBP/USD remained range-bound last week, finding support around 1.3450. However, upward movement was capped below 1.3530. Given the rising RSI and Stochastics indicators on the chart, further upward movement is expected. Current resistance is 1.36, a level previously encountered on July 23 and 24. Further resistance is expected at 1.3680 and 1.3750, followed by 1.38. Nearest support is expected at 1.3400 and 1.3340, with 1.3280 and the May's low of 1.3137 as the next levels.

Forecast Range:
Resistance: 1.3600* – 1.3680 – 1.3750 – 1.3800
Support: 1.3400 – 1.3340 – 1.3280 – 1.3137

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Bank of England's Mann: Interest rates should remain unchanged for a long time, with aggressive rate cuts if necessary

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