GBP/USD fails to break key resistance GBP/USD fails to break key resistance
Gary Christie December 11, 2020 9:47 PM
1.3535 area remains on the radar for a breakout: Chart Share:
The US Dollar was bullish against most of its major pairs on Friday with the exception of the JPY. On the US economic data front, the Producer Price Index Final Demand rose 0.1% on month in November (as expected), compared to +0.3% in October. Finally, the University of Michigan s Consumer Sentiment Index unexpectedly jumped to 81.4 on month in the December preliminary reading (76.0 expected), from 76.9 in the November final reading.
On Monday, Empire Manufacturing for December is expected to rise to 6.9 on month, from 6.3 in November. Finally, Industrial Production for November is expected to increase 0.3% on month, compared to +1