Overview of the GBP / USD as of July 30, 2018


On Friday, on continuing uncertainties in the Brexit negotiation process, the British pound for the first half declined along with the euro, but with the release of US data on economic growth with the subsequent growth of the euro (the dollar index lost 0.08%), closed the day down by only 2 item.

Today, the UK lending data for June will be released. The number of approved mortgage loans is projected at 65.5 thousand versus 64.5 thousand in May, total mortgage lending is expected at 3.95 billion pounds against 3.86 billion a month earlier. The volume of net loans to individuals is projected at the level of May's figure of 5.3 billion pounds sterling. According to the US, unfinished sales in the secondary real estate market for June - 0.4% forecast. In the end, if the pound wants to show growth, it will be limited by the resistance of the trend line to both H4 (1.3122) and daily (1.3150). The price here is easier to fall than to grow, especially as tomorrow, according to the incomes and expenditures of consumers in the US, good data is expected - an increase of 0.4%.



We are waiting for a decrease to support the trend line at 1.3022. then the goal is 1.2800.

The material has been provided by InstaForex Company - www.instaforex.com