GBP/USD Update – 12/06/2017 (10:50am) – by Arjun Lakhanpal

June 12, 2017 by

GBP/USD Update – 12/06/2017 (10:50am): Sticking with the UK and GBP: A lot of uncertainty in the near term however, with 19th June the first Brexit negotiations date with EU.  This week is busy for UK, with BoE on Thursday – with 7-1 votes expected with Forbes last meeting and only dissenter.  Ahead of that we get inflation data, employment data and retail sales that will be closely watched.  GBPUSD support at 1.2635, ahead of 1.2500, with resistance at 1.2830 short term, ahead of 1.3000 and 1.3050.


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