GBP / USD
On Friday, the dollar index fell within a favorable environment alongside the release of neutral data, however, the US labor data came slightly worse than the forecasts. The British pound played the previous drop on Thursday, showing an increase of 85 points. Today at 8:20 PM London time, the housing prices index from Halifax in the March assessment will be published. The forecast is 2.1% YoY against 1.8% YoY in February. Tomorrow, retail sales from BRC for March are expected to decrease from 0.6% YoY to -0.1% YoY. While on Wednesday, the industrial production in the February forecast will be released with an estimate at 0.5%, and the commodity trade balance is expected to grow from -12.3 billion pound sterling to -11.9 billion.
We are expecting sideways trade in the range 1.4070-1.4165.
* The presented market analysis is informative and does not constitute a guide to the transaction.
