Sterling traders focusing on Friday’s release of U.K. GDP for June, which is expected to show a sharp slowdown of 1.2% on the month as the country struggles with rising interest rates and soaring inflation.

As long as the EURGBP pair stays below 0.8488 on a daily basis, we will follow the support level at 0.8415. On the other hand, if the price goes beyond 0.8488, the resistance level will be at 0.8415.

Support: 0.8415
Resistance: 0.8488 - 0.8535 - 0.8626

10 Aug 22 (Wed)

02:54 am