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GBP/USD: awaiting key trade data - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The GBP/USD pair fell down to 1.4117 on the back of dollar's rally post-ECB announcement, but managed to recover towards a fresh 3-week high of 1.4316 as the American currency resumed its slide.

    Key Quotes:

    Pound had no life of its own this Thursday, as the macroeconomic calendar remained empty in the UK, for the most, replicating EUR/USD behavior within a narrower range.

    "On Friday, the United Kingdom will release its January trade balance figure, with a larger deficit expected, and the Consumer Inflation expectations, latest at 2.0%. Better-than-expected readings can push the pair higher, leaving it poised to test the 1.4500 mark next week."
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