GBP / USD
The British pound grew by 38 points yesterday after the weakening of the dollar index (-0.44%). Investors also received the next news from the negotiators on Brexit - EU coordinator G. Verhofstadt agreed with Theresa May on the rights of citizens and the agreement will be signed soon. Retail sales for April in the assessment of the British Consortium of Retailers (BRC Retail Sales) remained at the level of 0.6% y / y.
Today, the price index for residential property in the UK from Halifax for February, the forecast is 0.4% against -0.6% in January. Data on the US today are expected to be unmentioned. The trade balance may worsen (for January -55.1 billion $ vs -53.1 billion in December). The growth in quarterly labor was at 0.1%, a decrease in consumer lending to 17.5 billion dollars from 18.4 billion in December. ADP Non-Farm Employment Change for the last month is expected to be weaker than January's 234 thousand, but quite good. The consensus forecast is at 198 thousand.
The Minister of Finance of Great Britain will speak today on the protection in the project Brexit of financial services of Great Britain on 96 billion pounds sterling per year.
In the current situation, the short-term perspective of the pound is not expressed. In case of positive shifts in the adoption of London financial services by London, the pound sterling may show significant growth but a strong US factor of strengthening the dollar may intervene. We are waiting for a lateral trend in the range 1.3840-1.3930.
