Sterling continues to stick to recent lows as economic data for the UK disappoints traders, sending the GBP spiraling into nine-month lows. Slumping economic figures are piling onto already-bearish market sentiment as Brexit squabbles within the UK continue to go nowhere. Daily candles have the GBP/USD pair firmly in a downside trend, and pullbacks should be seen as an opportunity to re-short. Thursday’s Retail Sales figures for the UK provide one more chance for sellers to make one more push to crack the 1.30 key level. GBP/USD Chart, 15-Minute Spot rate: 1.3076 Relative change: 0.06% High: 1.3082 Low: 1.3063 Trend: Bearish Support 1: 1.3049 (June low) Support 2: 1.3008 (current week low; critical technical bottom) Support 3: 1.2950 (S2 daily pivot) Resistance 1: 1.3116 (previous day high) Resistance 2: 1.3183 (61.8% Fibo retracement level) Resistance 3: 1.3292 (current 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 XLM trading volumes grows 4-fold as IBM’s stable coin is launched on Stellar platform FX Street 5 years Sterling continues to stick to recent lows as economic data for the UK disappoints traders, sending the GBP spiraling into nine-month lows. Slumping economic figures are piling onto already-bearish market sentiment as Brexit squabbles within the UK continue to go nowhere. Daily candles have the GBP/USD pair firmly in a downside trend, and pullbacks should be seen as an opportunity to re-short. Thursday's Retail Sales figures for the UK provide one more chance for sellers to make one more push to crack the 1.30 key level. GBP/USD Chart, 15-Minute Spot rate: 1.3076 Relative change: 0.06% High: 1.3082… 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.
