GBPTHB Eyes UK Retail SalesBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupYesterday Recap — 20/8/26 GBPTHB closed at 44.82 in the Thai market yesterday. The pair remained volatile and faced selling pressure toward the end of the session as the market continued to have concerns over the outlook for the UK economy. Meanwhile, the US Dollar remained volatile following the hawkish tone of the FOMC Minutes, which provided additional pressure on GBPTHB. - Fundamental 21/8/26 GBPTHB is expected to trade within a range with a bearish bias after strong selling pressure pushed the price below the 200 EMA, currently around 44.74–44.75, indicating continued short-term downside pressure. Today, the market will focus on UK Retail Sales at 13:00 and UK Manufacturing PMI and Services PMI at 15:30 to assess the strength of the UK economy. If UK economic data comes in better than expected, it could support the GBP and trigger a rebound in GBPTHB toward the 44.74–44.75 resistance zone, which coincides with the 200 EMA. However, if Retail Sales and PMI data comes in below expectations, it could increase pressure on the GBP and push GBPTHB lower, with the key downside target around 44.62. Technical Analysis Bias: Bearish / Downside Risk Resistance: 44.74–44.75 This is a key resistance zone around the 200 EMA. Unless the price can reclaim and hold above this level, short-term selling pressure is likely to remain. Support: 44.62 A key support level and downside target that the price may retest. Target: 44.62 Cut Loss: 44.75 If the price moves back above 44.75 and holds, it could signal weakening selling pressure and increase the risk of a further rebound.