FX.co ★ Pound: a small technical dot

GBP / USD

The British pound closed Friday's growth by 19 points, with the support of a 0.13% decrease in the dollar index. But the pound did not have its own reasons. The index of the fast-moving economic indicators of Great Britain for April fell by -0.2% after the previous decline by -0.3%. Prospects for Brexit remain negative. Also, the upcoming meeting of the Bank of England on Thursday, 21st of November, is not optimistic, since there are no changes expected in the monetary sentiments of the monetary policy committee . But this will be the only important event for the British pound and not the significant macroeconomic indicators for the week.

Technical indicators, like oscillators (Marlin), and price indicators, indicate a continuing decline in prices. The closest target is GBP / USD 1.3210.

* The presented analysis of the market is informative and is not a guide to the transaction.