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The focus could shift to top-tier U.K. reports and Brexit negotiations with the EU this week, but will these give sterling a much-needed lift?

A handful of major economic figures are on the docket, ready to give traders a better idea of how the U.K. is weathering the coronavirus crisis. Here’s what’s coming up.

Jobs data (Apr. 21, 7:00 am GMT)

  • Claimant count change to show 175K increase in joblessness for March
  • Average earnings index to dip from 3.1% to 3.0% for three-month period ending in Feb
  • Unemployment rate to hold steady at 3.9%

Inflation reports (Apr. 22, 7:00 am GMT)

  • Headline CPI to dip from 1.7% to 1.5% in March
  • Core CPI to drop from 1.7% to 1.6% for the same period
  • Producer input prices to slump by 3.6% after earlier 1.2% decline
  • Producer output prices to fall by 0.4% after previous 0.3% dip
  • Retail price index to drop from 2.5% to 2.3%

Flash PMI readings (Apr. 23, 9:30 am GMT)

  • Manufacturing PMI to fall from 47.8 to 42.5 in April
  • Services PMI to drop from 34.5 to 29.6 in April
  • Reading below 50 signals industry contraction, above 50 reflects expansion

Retail sales (Apr. 24, 7:00 am GMT)

  • Consumer spending to take 3.8% hit in March after earlier 0.3% drop
  • Core retail sales to slump by 2.6% in the same month

Technical snapshot

  • Stochastic paints a mixed picture of sterling pairs, with most in neutral territory.
GBP Forex Pairs Stochastic from MarketMilk
GBP Forex Pairs Stochastic from MarketMilk
  • GBP/AUD and EUR/GBP are on bullish grounds while GBP/CHF is overbought.
  • Moving averages also shows a bullish signal for GBP/AUD, along with GBP/CAD and GBP/NZD.
GBP Forex Pairs Moving Averages from MarketMilk
GBP Forex Pairs Moving Averages from MarketMilk
  • GBP/CHF is also looking very bearish based on these trend indicators.

Missed last week’s price action? Read GBP’s price recap for April 13 – 17!