Sterling comes back from a long weekend to a quiet Tuesday with little on the docket. May has been a disappointing month for the GBP/USD with little upside. The GBP/USD is trading just above the 1.3300 level ahead of a Tuesday London session that sees the UK institutions back from a long weekend. The London trading pool was thinned on Monday with banks shuttered for the SPring Bank Holiday, and Tuesday will bring GBP volumes back into the mix after a quiet start to the week. Despite banks coming back online for the new week today, the GBP still sees a quiet schedule, with only the BRC Shop Price Index, slated for a late showing at 23:01 GMT, which last printed at -1%. GBP/USD levels to watch As FXStreet’s own Valeria Bednarik highlighted recently regarding the pair’s technical stance: “the short-term picture for GBP/USD is bearish despite the holiday left it with no directional strength, given that in the 4 hours chart, a modesty bearish 20 SMA, currently at 1.3340 keeps capping the upside, while technical indicators have turned modestly higher, but remain well below their daily highs and within negative levels.” Support levels: 1.3280 1.3245 1.3210 Resistance levels: 1.3340 1.3385 1.3410 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Switzerland Trade Balance came in at 2289M, above forecasts (2230M) in April FX Street 5 years Sterling comes back from a long weekend to a quiet Tuesday with little on the docket. May has been a disappointing month for the GBP/USD with little upside. The GBP/USD is trading just above the 1.3300 level ahead of a Tuesday London session that sees the UK institutions back from a long weekend. The London trading pool was thinned on Monday with banks shuttered for the SPring Bank Holiday, and Tuesday will bring GBP volumes back into the mix after a quiet start to the week. Despite banks coming back online for the new week today, the GBP still sees… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
