The Sterling is trading into familiar territory for the week ahead of the Bank of England’s highly-expected rate hike. BoE rate hike might not go off with slumping economic data for the UK, which could see the Sterling heading for new 2018 lows. THe GBP/USD saw July end the month near where it started as momentum bleeds out of the major pair on a still-muddy Brexit. GBP/USD Chart, 15-Minute Spot rate: 1.3100 Relative change: -0.10% High: 1.3128 Low: 1.3098 Trend: Flat to bearish Support 1: 1.3088 (current week low) Support 2: 1.3054 (61.8% Fibo retracement level) Support 3: 1.2956 (two-week low; technical bottom) Resistance 1: 1.3128 (current day high) Resistance 2: 1.3172 (current week high) Resistance 3: 1.3212 (previous week high) 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 FX option expiries for Aug 2 NY cut FX Street 5 years The Sterling is trading into familiar territory for the week ahead of the Bank of England's highly-expected rate hike. BoE rate hike might not go off with slumping economic data for the UK, which could see the Sterling heading for new 2018 lows. THe GBP/USD saw July end the month near where it started as momentum bleeds out of the major pair on a still-muddy Brexit. GBP/USD Chart, 15-Minute Spot rate: 1.3100 Relative change: -0.10% High: 1.3128 Low: 1.3098 Trend: Flat to bearish Support 1: 1.3088 (current week low) Support… 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.
