The currency pair plunged on Friday and has broken down 1.2378. GBP/USD says above this level at press time.

Closest support areas: 1.2378, 1.2312, 1.2255

Closest resistance areas: 1.2427, 1.2472, 1.2538

Macroeconomic data

GBP

CBI Industrial Order Expectations

USD

Existing Home Sales