GBP/USD Fundamental Analysis: July 13, 2017 The GBP/USD remained in the pressured area yesterday prior the late recovery that the helped the pair to moved higher and closer the 1.29 level. It further ended the day in an acceptable manner. As mentioned previously, the pound is one of the weakest currencies in the market due to events that continue to impact the GBP. however, there are some signs of recovery and remain to search for ways to have a complete recovery. The dovish remarks of BOE member, Ben Broadbent pushed the Cable under pressure during the earlier session along with some strong selling in the pair of pound-yen that helped the GBPUSD to reach the 1.28 mark, whereas, the pair started another rally during the afternoon trading. The Bank of England was able to provide support for the British currency but the market was surprised when Broadbent did not stated hawkish comments as expected. It will be disregarded when the data of average earnings index is released and predicted to helped the GBP to increase, then recovery will continue. The testimony of Yellen was the major event for this day but there’s nothing hawkish came out based on what she was mentioned previously, hence, this led to further selling of the USD throughout the markets. It further assisted the pound-dollar to recover and touched the 1.29 mark. It also indicates clear hints about pair recovery and traders should take note of this. Ultimately, there are no major events or releases from the United Kingdom, aside from the PPI data and Yellen’s speech later this day. Both events mentioned would likely carry some volatility, however, the 1.28 area shows a strong buying support. It can be an interesting trading day today.