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There’s not much in the way of top-tier data again from the U.K. so sterling could keep taking cues from election-related poll results.

Medium-tier U.K. data

  • Final manufacturing PMI due Dec. 2, no revisions from 48.3 reading expected
  • BRC retail sales monitor due Dec. 3, 0.4% decline projected
  • Final services PMI due Dec. 4, no revisions from 48.6 reading expected

Brexit & election updates

Technical Snapshot

GBP Moving Averages from MarketMilk
GBP Moving Averages from MarketMilk
  • However, stochastic is indicating that GBP/AUD, GBP/CHF, and GBP/JPY are overbought.
GBP Pairs Stochastic from MarketMilk
GBP Pairs Stochastic from MarketMilk

Missed last week’s price action? Check out the GBP Weekly Review for Nov. 25 – 29!