Parity continued its overnight sales and reached July low levels at 1.2808, with the US Dollar holding bullish losses at 1.2800 barrels following Trump’s latest warning on US government closures.
US dollar index, profit sales sank to the level of 03.55 and dropped to 93.40, Bond interest rates were dragged downward, short term ones were the most victims.
In addition, the markets are avoiding horizontal directional and directional positions before the Jackson Hole Symposium in the light of the Fed Chairman Yellen’s speech that could trigger huge USD movements.
Meanwhile, if the eyes are focused on the speech of the European Central Bank President Draghi, the GBP / USD parity may be affected by parity, and Flash Purchasing Managers Indexes are expected from the US.
GBP / USD pair is trading at 1.2826, now with 0.02% gain
Significant technical levels for GBP / USD
1.2800 (psychological level), 1.2700 (psychological level), 1.2685-80 region and 1.2650 (200-day SMA) level support, 1.2825-30 region, 1.2880 (100-day SMA) The -30 zone can create resistance for the parity.