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