With momentum now fading, focus shifts to the next technical decision point:
Crucial support – yellow swing area 1.3455-1.3473 and the 38.2 % retrace of the May-to-June rise at 1.3455.
Fundamentally in the UK this week:
Wed 18 Jun – UK CPI (May): Headline inflation slipped to 3.4 % YoY (prev 3.5 %), core eased to 3.5 %, while services stayed sticky at 5 %+; drop kept BoE-cut bets alive but lingering price pressure tempered sterling losses.
Fri 20 Jun – UK Retail Sales (May): Volumes plunged -2.7 % m/m (cons -0.5 %), the sharpest drop since Dec-23; broad-based weakness revived growth worries and nudged GBPUSD lower in early trade.
Chart & analysis: Greg Michalowski, ForexLive.com — author of “Attacking Currency Trends”
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about gbpusd sellers press but key support looms was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( GBPUSD: sellers press, but key support looms )
Also on site :