The British pound has fallen back under the 1.2100 level against the US dollar over heightened UK political uncertainty and more weak UK Manufacturing data. The 1.2020 level is now key support, with the 1.1980 area the foremost support below the psychological 1.2000 level. Overall, bearish UK economic data and Brexit news is likely to force the GBPUSD pair lower during the early stages of September.
The GBPUSD pair is heavily bearish while trading below the 1.2100, key support is found at the 1.2020 and 1.1980 levels.
If the GBPUSD pair trades above the 1.2100 level, key resistance is found at the 1.2155 and 1.1980 levels.
