GBPUSD

The sterling/dollar exchange rate is fluctuating above the pivot level of 1.3275. Resistance is watched at 1.34018, while support at 1.32639 is of critical importance. Inflation data from the UK affects the BoE's monetary policy decisions, while signs of recovery in the US economy and post-Brexit trade agreements create uncertainty. If the 1.3400 resistance is broken, 1.3430 may be tested, but if it falls below 1.3260, selling pressure could increase.