The currency pair plunged on Tuesday and has broken down 1.2585 support area. GBP/USD stays below this level at press time.

Closest support areas: 1.2578, 1.2472, 1.2427

Closest resistance areas: 1.2585, 1.2615, 1.2653

Macroeconomic data

GBP

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USD

Building Permits

Housing Starts

Fed Chair Powell Testifies

FOMC Member Mester Speaks