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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

Technical snapshot

  • Stochastic indicates that most sterling pairs are overbought.
GBP Pairs Stochastic from MarketMilk
GBP Pairs Stochastic from MarketMilk
  • 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.
GBP Pairs Moving Averages from MarketMilk
GBP Pairs Moving Averages from MarketMilk

Missed last week’s price action? Make sure you check out the GBP Weekly Review for Mar. 30 – Apr. 3!