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Pound bulls remain optimistic that a Brexit deal could be reached. Will we see concrete developments this week?

Check out the top catalysts that might influence your pound trades:

Inflation numbers (Oct 21, 6:00 am GMT)

Other lower-tier economic releases

  • Public borrowing (Oct 21, 6:00 am GMT) to clock in at 42.4B vs. 35.9B in September
  • CBI industrial order trends (Oct 22, 10:00 am GMT) to improve from -48 to -42 in October
  • GfK consumer confidence (Oct 22, 11:01 pm GMT) seen weakening from -25 to -28 in October
  • Retail sales (Oct 23, 6:00 am GMT) to see a 1.3% dip (from 0.8% growth) in September
  • Annualized retail sales could slow down from 2.8% to 1.0%
  • Manufacturing PMI (Oct 23, 8:30 am GMT) could show manufacturing slowdown (from 54.1 to 53.2) in October
  • Services PMI (Oct 23, 8:30 am GMT) to print at 53.4 after a 56.1 reading in September

Brexit updates

Technical snapshot

  • The pound has lost value against all of its major counterparts except the Aussie in the last seven days
  • GBP weakened the most against the dollar, yen, and the Kiwi
GBP Forex Pairs Performance from MarketMilk
GBP Forex Pairs Performance from MarketMilk
GBP Forex Pairs SMA from MarketMilk
GBP Forex Pairs SMA from MarketMilk
  • GBP was most volatile against USD, JPY, NZD, and AUD in the last seven days
GBP Forex Pairs Volatility from MarketMilk
GBP Forex Pairs Volatility from MarketMilk