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U.K. jobless rate rises to 4.8 pct in Q3 2020, labor market likely to deteriorate further in months ahead

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

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Chinese economic activity continues to rebound in October, GDP likely to grow 5.5 pct in Q4 2020

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

Philippine central bank keeps interest rate unchanged at 2 pct

Bank Indonesia lowers interest rate by 25 bps to 3.75 pct, unlikely to cut further

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U.S. vehicle sales fall again in November

Gold steadies amid concerns over rising virus cases

Swiss franc likely to gradually depreciate against euro in coming months

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

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Daily technical outlook for GBP/USD: Societe Generale

Monday, February 16, 2015 10:52 AM UTC

Quotes from Societe Generale Cross Asset Research:

-GBP/USD tested a multiyear upward channel limit at 1.49. Monthly indicator is testing a similar support highlighting 1.49 as an important level.

-Short-term, the pair has given a break above a multi month descending channel. With daily RSI inching above a resistance, the rebound appears to continue towards 1.5620.

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Daily technical outlook for GBP/USD: Societe Generale

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