GBP to USD | Complete Technical Analysis | Strong Tools

GBP to USD | Technical Analysis | Trading Tools

GBP to USD (GBPUSD)  is rising further after the present UK information move.

A light of  GBP/USD recent data it looks like going long to help at 1.2800.

(GBU/USD) lost further its level from it shot up 1.2816 toward the high of the previous month in the wake of demonstrating UK’s coronavirus death.

gbp to usd

UK Services PMI stood at 47.1 in June 2020.

Little-changed from a preliminary estimate of 47.0 and compared to May’s final reading of 29.0.

They are still pointing to a decline in business conditions across the UK service sector.

Manufacturing PMI was confirmed at 50.1 in June 2020, up from 40.7 in the previous month.

Suggesting there was a normalization in operating conditions following the recent steep downturn caused by the coronavirus pandemic.

Manufacturing production rose slightly for the first time in four months, while new order intakes and employment fell at softer rates.

That was the most significant drop in UK GDP since the third quarter of 1979.

As a coronavirus lockdown from mid-March forced non-essential businesses to close and consumers to stay at home.

Household consumption dropped by 2.9 per cent (vs preliminary -1.7 per cent).

UK FTSE 100 Stock Market Index

The FTSE 100 decreased 1354 points or 17.80% since the beginning of 2020.

United Kingdom Unemployment Rate.

The UK unemployment rate was at 3.9 per cent in the three months to May of 2020.

The same as in the previous period and below market expectations of 4.2.

Per cent as the inactivity rate grew by 0.2 percentage points to 20.4 per cent as more people who are out of work are not looking for a job.

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