Open Demo Account
Home / Market Update / Forex Market / GBP/USD Above 1.32

GBP/USD Above 1.32

M. Ali 20 August, 2020 10:53 pm Forex Market, Market Update

The British Pound (GBP) is rising against the US Dollar (USD), on the back of the latter’s decline.

A surge in inflation in the UK and anticipation for a trade deal between London and the European Union (EU) are providing support for the GBP, while an increase in jobless claims in the United States above one million is weighing on the Dollar.

The pair is trading up by 0.72% at 1.3203, moving throughout the day between 1.3210 and 1.3065.

Support Levels: 1.3039 – 1.2980 – 1.2866

Resistance Levels: 1.3212 1.3326 1.3385

Tags

Check Also

Oil Falls for Fifth Straight Session to March Lows: Iran Deal Supply Wave Looms as API Flags Massive 8.3M Barrel Draw

Key Takeaways Five-day losing streak: Brent fell 0.9% to $78.23 per barrel, while WTI slipped …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends