The quotations on the EUR/GBP pair have been stuck in place for some time. In principle, the whole of July, price moves in consolidation and although we had attempted to breakout from it, however, they didn’t matter much. As can be seen on D1, the rate oscillates with the perfectly respected upper edge of the almost one-year-old bearish channel and local resistance. Theoretically, we could expect a rebound, but recently Brexit negotiation problems prevented before such a move. The situation remains stalemate and it seems that we should wait for further reports. Today we have several readings from the British economy that may affect the pair. I am talking about a series of readings from the labour market, and also about the speech of the president of BoE.

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