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Sterling finally spent some time in the green as it managed to shrug off downbeat data. In the absence of major catalysts this week, can it keep climbing?

U.K. mid-tier reports

  • Current account balance due Mar. 31, 7:00 am GMT
  • Deficit is expected to narrow from 15.9 billion GBP to 7.0 billion GBP
  • Final PMI readings due Apr. 3, 9:30 am GMT
  • Services PMI to be downgraded from 35.7 to 34.7 to reflect deeper contraction

Technical snapshot

  • Short-term moving averages reflect a split among pound pairs.
  • GBP/USD, GBP/CHF, and GBP/JPY are in bearish territory while the rest are looking bullish.
GBP Pairs Moving Averages from MarketMilk
GBP Pairs Moving Averages from MarketMilk
  • RSI shows that GBP pairs are all on neutral territory for now, and so do the other overbought/oversold indicators.
GBP Pairs RSI from MarketMilk
GBP Pairs RSI from MarketMilk

Missed last week’s price action? Make sure you check out the GBP Weekly Review for Mar. 23 – 27!