Partner Center Find a Broker

Sterling had a mixed round in the previous week as it lost ground to the Aussie and Kiwi but managed to stay in the green versus the rest of its forex peers.

Without any major U.K. reports lined up this week, what factors could push pound pairs around? Here’s what you need to look at.

U.K. low-tier reports

  • BOE Credit Conditions Survey (Apr. 16, 9:30 am GMT) to show quarterly data on lending to households and small businesses
  • BOE Quarterly Bulletin (Apr. 16) to include commentary on market developments and monetary policy operations
  • BOE MPC member Tenreyro to give a speech on “Monetary policy during pandemics: inflation before, during and after Covid” (Apr. 16, 2:30 pm GMT)

Technical snapshot

  • Stochastic indicates that most sterling pairs are overbought.
GBP Forex Pairs Stochastic from MarketMilk
GBP Forex Pairs Stochastic from MarketMilk
  • GBP/CAD and GBP/NZD are on neutral grounds while GBP/AUD is looking bullish.
  • Moving averages also put most GBP pairs in bearish territory.

    GBP Forex Pairs Moving Averages from MarketMilk
    GBP Forex Pairs Moving Averages from MarketMilk