GBP/USD: Conflicting technicals ahead of fundamental updates
Market movement relatively sedate and awaiting fresh Brexit updates.
GBP/USD Technical analysis, overview, strategies, and levels
The pound's performance was in the middle when compared to the remaining FX majors, as the contrast has largely been on safe haven yen and franc on the one hand, and high-beta currencies like the Australian dollar on the other. The greenback outperformed for the session, and as a result GBP/USD's price dipped slightly for a lower finish, as its technical overview remains consolidatory but with a rise in volatility on the release of any significant Brexit updates hitting the GBP aspect of this pair, even if the focus isn't on Brexit given geopolitical tensions. UK data has been low-impacting this week, and that's expected to remain the case today and tomorrow. There will be a speech from the BoE's (Bank of England) Governor Carney regarding inflation targeting today.
IG client and CoT sentiment for GBP/USD
GBP/USD Chart with retail and institutional sentiment
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