• GBPUSD has continued to bounce uncertainly lately.
  • Brexit jitters, US inflation data, and Covid headlines have an effect on GBPUSD.
GBPUSD was floating around 1.3865-70 on Thursday morning, when the daily analysis of GBPUSD was written by the GIC team, the pair currency was at the level of 1.3872. The price continues to manage to bounce off the lows in the middle of the recovery, but has not managed to fully recover. Bloomberg hinted at US Treasury Secretary Janet Yellen's first visit to China, followed by local media reports suggesting US Secretary of State Sherman's visit to Beijing, but was not welcomed optimistically by investors amid Covid problems between China and the US. On the other hand, the Brexit issue is a challenge for GBPUSD buyers, the European Union will soon give the UK a final ultimatum because of the command paper (government document to parliament) to renegotiate the Northern Ireland Protocol, a senior MEP (Member of the European Parliament) said quoted from UK Express. Given the upbeat expectations of the scheduled data, cable could continue its latest recovery as positive results support hawkish BOE members. GBPUSD moves will wait for the monthly data on UK GDP, Manufacturing Production and Industrial Products, as well as preliminary data on second-quarter (Q2) GDP. However, the US Producer Price Index (CPI) for July and Weekly Jobless data, as well as comments from the Fed are important to watch. This the daily analysis of GBPUSD August 12, 2021, Also read other articles and analyses in the GIC Journal such as explanations of trusted online loans. You can also enjoy videos from GIC that discuss forex in the Trading for Freedom video and not to forget to get a bonus from the GIC affiliate program.