GBP / USD pair
At the moment, the pound sterling is at the close level of Friday, November 30 while trading is in the range of Monday last week between 1.2698 and 1.2824. Investors were a little insured against the failure of the British Parliament's vote on the Brexit issue, which resulted in increased purchases of US government bonds and gold growth, but for the British pound, trading takes place without any ideas.
Today, weakened data on the British economy is to be released. The forecast for industrial production for October is -0.4% and the trade balance for the same month is expected to worsen from -9.7 billion pounds to -10.5 billion. It is expected to grow by 0.1% against 0.0% in September. The pound may decline to the lower limit of the range (1.2698).
Voting data still have not changed. There are not enough votes to support the May-EU project. But before the final vote about 36-40 hours, the necessary votes may appear during this time. In this case, the first reaction of the market is likely to be growth with goals of 1.2960, 1.3071-1.3105. The negative scenario suggests an initial price reduction to support the trend line at a daily of 1.2530.
