Fundamental analysis
According to the EMA 34, 89, and 200 indicators, the market is currently on an upward trend and is following the price line. It is highly likely that the price may retest the slightly increasing sideways price zone or test the resistance area.
Market overview before news
In addition to the unexpected upturn in mortgage activity, investors should also look for a sustained rise in inflation. These reports pressure the Bank of England to tighten monetary policy. And this is good news for the British Pound, where interest rates and bond yields are lower than in the US.