• GBP/USD slipped lower on Monday as cautious sentiment prevailed ahead of crucial data releases and rising focus on the U.S. tariff timeline.
• The UK will release GDP, construction output, index of services, industrial production, and manufacturing on Friday.
• The Bank of England's bi-annual Financial Stability Report is set to be published on Wednesday, with a press conference by Governor Andrew Bailey.
• Meanwhile, global investors looked ahead to Wednesday’s deadline, as countries rushed to finalize trade deals with the U.S. in hopes of avoiding steep new tariffs on their exports..
• Britain became the first country to reach a deal with the U.S. in May, avoiding new tariffs on steel and aluminum. Talks continue to eliminate the existing 25% duties on industrial metals.
• Immediate resistance is located at 1.3668(Daily high), any close above will push the pair towards 1.3742(23.6%fib)
• Strong support is seen at 1.3553(38.2%fib) and break below could take the pair towards 1.3467(June 10th low).
Recommendation: Good to buy around 1.3600 with stop loss of 1.3520 and target price of 1.3680
