Internal Market Bill and Jobless rate

U.K. Prime Minister Boris Johnson’s Internal Market Bill passed its first hurdle in Commons.
U.K. Prime Minister Boris Johnson’s Internal Market Bill, his decide to rewrite a part of the Brexit deal, passed its first hurdle in Commons. Also, the U.K. jobless rate for the three months to July was released at 4.1%, needless to say . It stood at 3.9% the previous month.

From a technical point of view, on a daily chart, GBP/USD has broken below a rising line and stands below its 50-day moving average (in blue). The daily RSI remains within its selling area. Readers may therefore consider the potential for further weakness below horizontal resistance at 1.3255. the closest support would be set at 1.2490 and a other would be set at June 28 bottom at 1.2250 in extension.

Leave a Reply

Your email address will not be published. Required fields are marked *