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We do not have any important data flow today. Worst-than-expected UK data and a reshuffle in PM May’s cabinet, in a bid to reassert her authority, weighed on Pound early London, particularly after The Sun newspaper reported that the British Northern Ireland secretary James Brokenshire has resigned from the UK cabinet, citing ‘ill-health’ as the reason for his resignation. Through the last year, PM May has lost several of her cabinet’s members, denting her leadership. According to Halifax, house prices grew at a slower pace in 2017 in the previous year, up 2.7% in the last quarter of the year, compared with a 6.5% increase in 2016.

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Source: http://www.fxters.com/gbpusd-forecast-technical-analysis-01-09-2018/

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