UK Current Account Up -16.8B In (Q2), GBPUSD: Recovery In Sight!

Forex current account
Forex current account

UK current account rose -16.8B , from -24.0B in the previous quarter, the indicator was expected to rise to -22.3B  in the last quarter……

Market impact: This development printed support at the 1.5159/1.5128 levels, as a result; a recovery towards the 1.5240 levels is in sight before the next possible fall, a clear break below 1.5159 will put the pair under heavy pressure and may expose the 1.5128 levels..

UK Current Account

Note: GBPJPY sees a recovery towards 183.30 before the next move??!!!

MARKET DATA

UPCOMING ECONOMIC EVENTS