Bid slightly around 1.2635 before a busy day

• Political pessimism remains a central concern before the US President's visit.
• The manufacturing PMI index could also entertain traders.

Despite the political pessimism in the UK, the GBP / USD is about to turn around 1.2635 at the beginning of Monday's Asian session.

Like major currencies, the British pound (GBP) also benefited from the weakness of the greenback on Friday to recover from the lows of 21 weeks.

The recovery appears to remain intact, but with less force, at the beginning of the negotiations, as investors have a bearish bias towards the US dollar against China's latest negative points, indicating that the leading US companies were on the list. black of the dragon nation.

Market sentiment was also affected as investors waited for the details of US President Donald Trump's visit to Britain, while the United Kingdom and US Manufacturing Purchasing Managers' Index (PMI) Could add to the burden of badysts.

President Trump should follow the growing popularity of the Brexit Party by suggesting that Nigel Farage lead the Brexit talks with the EU. It could also threaten the UK's decision to allow Huawei for 5G networks and could make more suggestions for resolving Brexit.

On the data front, the British manufacturing PMI could fall from 53.1 to 52.4, but its US counterpart ISM could exceed the previous reading from 52.8 to 53.3.

Technical badysis

Not only 1.2560 and 1.2500, but 1.2480 and the lowest of the current year, close to 1.2430, could also call into question the additional rule of the bear among the oversold conditions of the relative strength index over 14 days.

Conversely, a simple 1.2710 and 21-day moving average near 1.2775 could limit short-term price advances before pushing buyers to face the April low, close to 1.2865.