• GBP/AUD strengthened on Monday as investors shifted their focus to the Bank of England’s policy outlook, with expectations building ahead of its upcoming rate decision
• UK data showed a mixed outlook last week as the labour market softened while inflation hit its highest level in over a year.
• The data had little impact on market expectations, with a 25 bps BoE rate cut on August 7 still nearly fully priced in and about 50 bps of easing expected by year-end.
• Bank of England Governor Andrew Bailey and Deputy PM Angela Reeves are set to address UK lawmakers and peers on Tuesday, with remarks scheduled to begin from 0915 GMT / 1300 GMT.
• Their comments will be closely watched for clues on monetary policy direction ahead of the BoE’s expected August decision.
• Immediate resistance is located at 2.0757(SMA 20), any close above will push the pair towards 2.0996 (Higher B).
• Strong support is seen at 2.0502(50%fib) and break below could take the pair towards 2.0442(Lower BB).
Recommendation: Good to buyaround 2.0670, with stop loss of 2.0590 and target price of 2.0750


FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro- Major European Indices
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: AUD/USD hovers near three –month high, scope for further upside 



