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Malaysian headline inflation falls further in October, likely to remain negative in 2020

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

U.S. Consumer Confidence falls in September

U.S. durable goods orders sustain robust growth

Germany's unemployment exceeds expectations in September

U.S. personal income and spending rose less than expected in August

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

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

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U.S. House prices increase slightly in July

Reserve Bank of India likely to stand pat in December

Swiss franc likely to gradually depreciate against euro in coming months

Swedish economic sentiment indicator rises in November

U.S. weekly jobless claims unexpectedly decrease

Philippine central bank keeps interest rate unchanged at 2 pct

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GBP/USD Outlook

Tuesday, July 14, 2015 9:27 PM UTC

RBS notes:

Most comments remain relevant from the last week with additional confidence gained amid rejection of the area below 1.54 and a potential weekly bullish engulfing candlestick this week (a weekly close above 1.5551 is required). Also if the price closes the bearish gap of 1.5575, that would be a very strong bullish signal.

We remain long from the 1.5288 reference level towards the targets of 1.6070 and 1.6433 amid inverted Head and Shoulders pattern and positive MACD.

We keep the same view of targeting 1.6070 onto 1.6430 stopping on a close below 1.5100.

SUP: 1.5215 1.5142 1.4981
RES: 1.5856 1.6076 1.6433

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GBP/USD Outlook

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