After the terrible fall of yesterday, the GBP/USD currency pair started Monday with the green light of appreciation, a price of more than 1.2900, and there are more than two support levels that give the push up to sustain the pair around the given amount.

While this improvement is not sufficient to offset the losses of the previous days, it at least gives rise to the expectation that the situation will change.

If we look at recent news, it appears that this is occurring due to impending favorable releases.

First, the National Statistics will release the figure of Markit Manufacturing on July 09, 2021 (Friday). According to the economist, it would register a reading of 1% in May compared to the month before data of -0.3%. It is a short-term indicator of the strength of UK manufacturing activity that dominates a large part of total GDP. Hence its high value indicating a bullish run for the UK economy.

Second, industrial output, which economists predict will increase at a figure of 1.5 percent in May, relative to the prior month’s index of -1.3 percent.

Industrial productivity calculates outputs of UK factories and mines. Improvements in industrial productivity are significant for the growth of the manufacturing industry.

Conclusion

There is a view that the GBP/USD pair will continue to improve because there will be significant modifications to the valued indexes that will announce soon.