GBP

UK November final services PMI 48.8 vs 48.8 prelim

• Latest data released by S&P Global - 5 December 2022

UK analysts:"Britain is in stagflation ... lost decade of growth if action isn't taken"

Bank of England's Dhingra on inflation: "we’re not there at a wage-price-spiral point yet"

Dollar retraces its rise. GBPUSD trades to a new session high

• Impressive run back to the downside

EURGBP gets close to its 200 day moving average

• Falls below a swing area between 0.8571 and 0.8600

GBPUSD is Challenging Supply Zones

• The A bullish scenario may continue in the short term if the selling zone is broken.

GBPUSD trades above 200 day MA.

• A close above today would be the first since September 2021

UK November final manufacturing PMI 46.5 vs 46.2 prelim

• Latest data released by S&P Global - 1 December 2022

GBP/USD inches closer towards its 200-day moving average as buyers seek further breakout

• The pair has not closed above both key daily moving averages since July 2021

UK November Nationwide house prices -1.4% vs -0.3% m/m expected

• Latest data released by UK Nationwide Building Society - 1 December 2022

GBPUSD falls below key floor/old ceiling area

• Sellers taking more control in the short term

ICYMI - JPMorgan sees the Bank of England Bank Rate rising to 4.25% by Q1 2023

GBPUSD tests swing area. Below 200 hour MA.

• Also below 50% of the move up from November 17 low

GBPUSD tested the 200 hour moving average and key swing area on the hourly chart

• Swing area between 1.19416 and 1.1954. 200 hour moving average at 1.1961

UK October mortgage approvals 58.98k vs 60.20k expected

• Latest data released by the BOE - 29 November 2022