The thin economic calendar of the day is only pointing to a national activity indicator in the US and July consumer confidence in the Euro area. No UK data is expected. The GBP/USD is on its way to retrace June’s gains as it targets July 12 low of 1.5393.
“We expect the downward movement towards 1.5480 and 1.5392”, wrote Deltastock.com analyst Stoyan Mihaylov. “Crossing 1.5650 may lead to test 1.5730".