The Sterling is drooping under successive lower highs as Brexit concerns and softening economic data for the UK continue to keep the GBP under bearish pressure. Traders are keeping the GBP/USD in the middle this week after a mild bounce from the last major swing low into 1.2950 ahead of the BoE’s showing this Thursday. A flubbed rate hike this week from the BoE could send the Sterling back into new yearly lows. GBP/USD Chart, 15-Minute Spot rate: 1.3130 Relative change: Negligible High: 1.3137 Low: 1.3111 Trend: Flat to bullish Support 1: 1.3111 (current day low) Support 2: 1.3070 (previous week low) Support 3: 1.2956 (June 19th swing low) Resistance 1: 1.3151 (current week high) Resistance 2: 1.3212 (previous week high) Resistance 3: 1.3361 (one month 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 NZ: Business Outlook Survey paints an unhappy picture – ANZ FX Street 5 years The Sterling is drooping under successive lower highs as Brexit concerns and softening economic data for the UK continue to keep the GBP under bearish pressure. Traders are keeping the GBP/USD in the middle this week after a mild bounce from the last major swing low into 1.2950 ahead of the BoE's showing this Thursday. A flubbed rate hike this week from the BoE could send the Sterling back into new yearly lows. GBP/USD Chart, 15-Minute Spot rate: 1.3130 Relative change: Negligible High: 1.3137 Low: 1.3111 Trend: Flat to bullish 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.
