FX.co ★ Forecast of GBP / USD for December 21, 2018

GBP / USD

Yesterday, the British pound did not share the optimism of other counter-dollar currencies in connection with the imminent danger of a country leaving the EU without a deal. This was also said by the head of the Bank of England Mark Carney at a meeting of the monetary policy regulator. The markets almost did not respond to the results of the meeting of the Central Bank, as the political situation is clear to all market participants.

Today, the UK balance of payments for the 3rd quarter will be released, a forecast of -21.7 billion against -20.3 billion in the previous period. In the US, the volume of orders for durable goods in November can grow by 1.6%, personal spending by consumers, as well as income, is expected to grow by 0.3%.

Technical factors can maintain fundamental pressure today. On the daily scale, the signal line of the Marlin oscillator since mid-November for the third time touches the border with the growth area, there may be a reversal from this line downwards. On the four-hour chart, there is a decreasing divergence. Trendline resistance at 1.2723 may not be achieved. After the price breaks through the support of the Kruzenshtern line on the four-hour chart (1.2608), the target of 1.2500 opens.