Pound is in uncertainty

The British pound was in some uncertainty after the publication of inflation data in the UK, which confirmed a positive outlook of the analysts. See https://esterholdings.com/en/category/novosti-rinka/. The inflation growth should have a positive effect on the decision of the Bank of England to tighten monetary policy. But, the uncertainty about the deal between the EU and the UK may delay the decision of the Central Bank to raise the interest rate. Meanwhile, the inflation growth will adversely affect the economy of the country.

At the moment, the pair GBP/USD is trading at 1.3270. The support level is considered in the area 1.3230-1.3220. The resistance level is considered in the area 1.3310-1.3335.

Alexander Sivtsov