Home Forex News Sterling’s Choppiness Continues Ahead of Q2 GDP Release Tomorrow

Sterling’s Choppiness Continues Ahead of Q2 GDP Release Tomorrow

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Sterling choppy move continues ahead of two important releases of unemployment and Q2 GDP. Inevitably Britain’s economy will be officially declared in recession on Wednesday with the release of second-quarter gross domestic product (GDP) figures. The data is expected to show that GDPplunged 21 per cent in the three months to the end of June, marking the second consecutive quarter of GDPdecline and confirming a recession.

TREND : WEAK BULLISH / SIDEWAYS

Time                                      :           11/08/2020

Pivot                                      :           1.3063

Technical View                     :             SHORT BELOW 1.3087

Target                                   :            1.3111, 1.3149, 1.3193

Technical View                     :             SHORT BELOW 1.3043

Target                                   :            1.3022, 1.2978, 1.2938

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