Forex traders will focus on developments out of the UK as Parliament turned hostile and opposition parties split on how to proceed next. The British Pound has been under pressure, but the GBPUSD stabilized at support after the Trump impeachment inquiry. The US political issues are bigger than that of the UK, will this rally the GBPUSD off of support levels? The sole UK economic data point today showed an improvement in consumer confidence which remains in negative conditions. Will US data provide the next catalyst for this currency pair? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips in profits per month.

US durable goods orders as well as personal income and spending data are expected to move the US Dollar today. Economists expected a plunge in durable goods orders for August while personal income and spending are both called higher and supportive of the economy. How will this impact the GBPUSD? As the Trump impeachment inquiry will play out, the US Dollar could come under additional selling pressure. Which political drama will provide the next spark for the GBPUSD? Today’s fundamental analysis will explore price action in both directions.