The currency pair plunged on Wednesday and broke down 1.2378. GBP/USD stays below this level at press time.

Closest support areas: 1.2312, 1.2255, 1.2175

Closest resistance areas: 1.2427, 1.2472, 1.2538

Macroeconomic data

GBP

CBI Industrial Order Expectations

USD

Philly Fed Manufacturing Index

Unemployment Claims

Existing Home Sales

CB Leading Index m/m