With Brexit concluded at midnight, forex traders are anxiously awaiting the start of trade negotiations. The Bank of England provided a boost to the British Pound, and economic data continues to surprise to the upside. After the GBPUSD completed a breakout above its horizontal support area, will bulls be able to continue the advance? Are bears waiting at the next candlestick? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Forex traders will finish the trading week with key US income and spending data, which is expected to show a slowdown. The Chicago PMI may also inject volatility following its release, expected to show a recession. After the GBPUSD moved above its primary descending resistance level, will bulls get the necessary data out of the US to accelerate to the upside, or will it feed a bearish attack? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair.