Today, the market can focus only on data that have been released. In particular, there are data from the U.K. on the index of business activity in the services sector, which could drop to 55.0 from 55.6. On the contrary, the growth of indices of business activity is expected in Europe. However, the single European currency is unlikely to be able to take advantage of such positive news because of retail sales data, which can slow down from 3.7% to 1.5% and appear soon after. Given the recent increase in inflation that is extremely insignificant, a significant decline in consumer activity will not bode well.
The EUR / USD pair fluctuates near the periodic value of 1.1860 which shows a bearish sentiment. It is possible to assume that the quotation will be able to continue to the downward movement to the level of 1,1800, where another stagnation is close to the area of 1,1800 / 1,1820 Is expected.
The GBP/USD pair is currently showing active bearish interest, which is likely to bring the price closer to the local minimum of 1.3412 and gradual decline below the level of 1.3380.
