Daily Recommendations on Major -GBP/USD

 DAILY MARKET OUTLOOK on Major 
Update Time: 19 Jun 2017 8:00GMT

GBP/USD- 1.2780
Although cable's selloff from 1.2820 last Wednesday to 1.2691 (Thursday) suggests correction from June's 8-week low at 1.2636 has possibly ended, subsequent post-MPC jump to 1.2796, then 1.2806 on Friday indicates further 'choppy' price swings would continue before down. 
Sell on recovery for 1.2715 but below 1.2691 is needed to head towards 1.2636. Above 1.2830/40, 1.2872.

Apart rm release of a slew of euro countries' eco. data, pay attention to speeches by ECB's Lautenschlaeger at 9:00GMT, then later ECB's Nouy at 14:00GMT. 

 

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