GBP / USD
The British pound managed to the increase by 50 points against the decline of the euro yesterday. There were no significant reasons for this. There was only probably a speculative plan. Today, there is no data for Great Britain. In the US, there may be a slight decrease in consumer confidence for the current month with a forecast of 100.6 versus 101.4. Three representatives of the Federal Reserve will speak in the evening: Bullard, Kaplan and Rosengren. They might speak out in a slightly more hawkish manner than before as the Fed's 11th numbered protocol pointed to the trend of monetary policy strengthening.
Britain also began to lean toward a chemical attack in Syria in the direction of "very likely", that if it does not strengthen the pound, it will make it more stable in comparison with the euro.
On Monday, positive data on the US are expected. In particular, retail sales for March may show an increase of 0.3% and on Tuesday, labor data are released in the UK and unemployment is expected to increase from 4.3% to 4.4%.
We are waiting for the pound to return to the range of 1.4165-1.4215 with a further decline to 1.4070
