The currency pair declined on Tuesday and has tested 1,2255 support area. GBP/USD stays above this level at the moment of writing.

Closest support areas: 1,2255, 1,2175, 1,2102

Closest resistance areas: 1,2312, 1,2378, 1.2427

Macroeconomic data

GBP

BRC Retail Sales Monitor y/y

Prelim GDP q/q

GDP m/m

Manufacturing Production m/m

Construction Output m/m

Goods Trade Balance

Index of Services 3m/3m

Industrial Production m/m

Prelim Business Investment q/q

NIESR GDP Estimate

USD

Core PPI m/m

PPI m/m

Fed Chair Powell Speaks

NIESR GDP Estimate