European sentiment data will be released at 10:00 GMT, including the Sentix investor confidence index. What else will be moving Pound today? Find out in this 8 January GBPUSD Fundamental Outlook.
8 January, OctaFX –Separately, the European Commission’s statistical agency will report on services sentiment, consumer confidence, industrial confidence, business climate and economic sentiment. All figures will be based on the month of December.
8 January GBPUSD Fundamental Outlook
Cable settled well off multi-month highs on Friday, but remains in a firm uptrend as traders continue disavowing the dollar. The GBP/USD exchange rate was last seen trading around 1.3570, where it was little changed compared to the previous close.
The pair is seeing strong support at the psychological 1.3500 level. On the opposite side of the ledger, resistance is likely found at 1.3560.
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