The currency pair plunged on Thursday and broke down 1.2946. GBP/USD stays above this level at press time.

Closest support areas: 1.2888, 1.2843, 1.2789

Closest resistance areas: 1.2946, 1.3018, 1.3071

Macroeconomic data

USD

Core Retail Sales m/m

Retail Sales m/m

Capacity Utilization Rat

Industrial Production m/m

Prelim UoM Consumer Sentiment

Business Inventories m/m

Prelim UoM Inflation Expectations

Federal Budget Balance