The end of this week has been quiet when it comes to economic data releases. Even if there hasn’t been much of economic data, we can continue to see the USD gain further strength. GBP/USD breaking through the 1.33 level. Focus has already shifted towards next week and high impact data releases from both the US and UK.
Next week could generate additional volatility to GBP/USD with US CPI (consumer price index) and US retail sales figures being announced. During these days, an already stretched UK economic will released economic growth (GDP figures) and give us insights of how the job market is performing with unemployment rates. In the UK focus is still on the budget being released in the next month. Underperforming economic growth can produce further pressure on government and GBP, leading to uncertainty of how the UK’s economy is performing and how it will cope moving forward with potential fiscal policy changes.
GBP/EUR 1.1466 GBP/USD 1.3279 GBP/AED 4.8800
GBP/AUD 2.0266 GBP/CHF 1.0695 GBP/CAD 1.8619
GBP/NZD 2.3093 EUR/USD 1.1568 GBP/ZAR 22.9091