Partner Center Find a Broker

It’s gonna be another light week in terms of economic releases from the U.K. so the spotlight could return to Brexit negotiations.

Here’s what’s coming up:

Mid-tier U.K. data

  • Construction PMI (July 6, 9:30 am GMT) to improve from 28.9 to 46.0
  • Halifax HPI (July 7, 8:30 am GMT) to show 0.6% drop after earlier 0.2% dip
  • RICS House Price Balance (July 9, 12:00 am GMT) to show 25% drop after earlier 32% slide

Brexit updates

  • Negotiations remained deadlocked on regulations for businesses and the fishing industry
  • EU and U.K. officials remain hopeful for a deadline before year-end but Barnier says “serious divergences remain”
  • U.K. PM Johnson suggests “Australia-style” arrangement as an option

Technical snapshot

  • Williams %R shows that most pairs are in the neutral zone,  with the exception of GBP/NZD and GBP/AUD in the overbought region
GBP Forex Pairs Williams %R from MarketMilk
GBP Forex Pairs Williams %R from MarketMilk
GBP Forex Pairs Trend Strength from MarketMilk
GBP Forex Pairs Trend Strength from MarketMilk