Sterling chalked up a mixed performance last week as counter currency action came in play. Here’s what you should look out for next.
U.K. mid-tier reports
- Construction PMI (Apr. 6, 9:30 am GMT) to drop from 52.6 to 44.0 in March
- February GDP (Apr. 9, 7:00 am GMT) to show 0.1% expansion
- Construction output to rebound by 0.3% after earlier 0.8% drop
- Goods trade deficit to widen from 3.7B GBP to 6.0B GBP
- Industrial production to recover by 0.1% after previous 0.1% dip
- Manufacturing production to post another 0.2% uptick
- Stochastic indicates that most sterling pairs are overbought.
- GBP/CHF, GBP/JPY, GBP/NZD, and GBP/USD are in bearish territory while EUR/GBP is looking bullish.
- Moving averages also put GBP/CHF, GBP/USD and GBP/JPY deep in bearish territory.
Missed last week’s price action? Make sure you check out the GBP Weekly Review for Mar. 30 – Apr. 3!