GBP/USD Outlook (07 September 2021)
ByJin Dao Tai
SEP 7, 2021
Overall, GBP/USD is ranging across. Recently, GBP/USD bounced off the support zone of 1.38000.
The UK Construction PMI data (Actual: 55.2, Forecast: 57.4, Previous: 58.7) released yesterday indicated continued expansion in the construction sector albeit at a slower pace.
Bank of England MPC member Mann will be speaking later at 1310 (GMT+8). Also, MPC member Saunders will be speaking at 1530 (GMT+8). During these times, there may be volatility in GBP.
GBP/USD’s next support zone is at 1.38000 and the next resistance zone is at 1.40000.
Look for buying opportunities of GBP/USD.
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