– Yesterday Recap
Yesterday, GBPTHB closed at 44.89 in the Thai market, while the UK market was closed for the Summer Bank Holiday.
– Fundamental 1/9/26
Key News Today
GBPTHB: 15:30 – UK Manufacturing PMI | Forecast: 51.5 | Previous: 51.5
GBPTHB: 15:30 – Mortgage Approvals | Forecast: 59.00K | Previous: 58.20K
Today, the market will focus on the UK Manufacturing PMI, which is expected to remain unchanged at 51.5, indicating that the manufacturing sector continues to expand.
A stronger-than-expected reading could provide additional support for the GBP, while a weaker-than-expected figure could put some pressure on the pound.
Meanwhile, Mortgage Approvals are expected to increase to 59.00K from 58.20K, but the data is expected to have a smaller market impact compared with the PMI.
Overall, GBPTHB is expected to trade within a range with a bullish bias, with market attention focused mainly on UK PMI, the BoE’s monetary policy outlook, and the direction of the USD.
Technical Analysis – GBPTHB 1H
Bias: Sideway Up / Bullish
GBPTHB remains in an uptrend structure, forming consecutive Higher Highs and Higher Lows, while the price continues to hold above the key EMA levels.
A breakout above 44.94 could open the way for a move toward 45.00, while a break below 44.90 would signal weakening bullish momentum.
Resistance: 44.94
Support: 44.90
Target: 45.00
Cut Loss: Below 44.90