GBP/USD Weekly Analysis (week of 08-12/06)

United Kingdom Gross Domestic Product expected -22.3% (previous -5.7%) will be released tomorrow at 6:00 AM.

Weekly Summary

After starting the session at 1.260907 GBP/USD spiked to 1.2808 only to drop back to starting point range and close at 1.2491

United Kingdom Gross Domestic Product fall short of the -22.3% projections, with -24.5% and continued its downward trajectory from previous figure of -5.7%. New data for United Kingdom Trade Balance was released today at 6:00 AM comes out at -7.49B, beating projections of -11.62B and showing improvement over the preceding figure of -11.85B. United Kingdom RICS House Price Balance (May) fall short of the -24% projections, with -32% and continued its downward trajectory from previous figure of -22%.

Projections for United Kingdom Claimant Count Change (May) are set for a continuation of decline with 370.0K while previous data was 856.5K, data will be released Tuesday 6:00 AM. United Kingdom Interest Rate is scheduled for Thursday 11:00 AM.

Jun. 12, 2020

GBP/USD is trading around 1.252 after starting the session at 1.2596 (down -0.6%)

(20:00)

After a mostly steady session GBP/USD lost 76 pips, closing at 1.252

United Kingdom Gross Domestic Product fall short of the -18.7% projections, with -20.4% and continued its downward trajectory from previous figure of -5.8%. New data for United Kingdom Trade Balance was released today at 6:00 AM comes out at -7.49B, beating projections of -11.62B and showing improvement over the preceding figure of -11.85B. Data for United Kingdom CFTC was released today at 7:30 PM suggests a downwards trend with -24.0K, while previous data was -22.3K New data for United States Producer Price Index was released Thursday 12:30 PM comes out at 0.4%, beating projections of 0.1% and showing improvement over the preceding figure of -1.3%. United States Money Supply fall short of the 1,550K projections, with 1,542K and continued its downward trajectory from previous figure of 1,897K.

Jun. 11, 2020

GBP/USD is trading around 1.2585 after starting the session at 1.2749 (down -1.29%)

(23:00)

GBP/USD remains in the 1.2585 range after starting the session at 1.2749 and dropping 163 pips

United Kingdom RICS House Price Balance (May) fall short of the -24% projections, with -32% and continued its downward trajectory from previous figure of -22%. United States Money Supply fall short of the 1,550K projections, with 1,542K and continued its downward trajectory from previous figure of 1,897K. New data for United States Budget Balance was released Wednesday 6:00 PM comes out at -399.0B, beating projections of -625.0B and showing improvement over the preceding figure of -738.0B.

Expectations for United Kingdom Gross Domestic Product are set for a continuation of decline with -22.3% while previous data was -5.7%, data will be released tomorrow at 6:00 AM. United Kingdom Trade Balance is projected to out perform last figure with -11.62B while it previously stood at -12.51B, data will be released tomorrow at 6:00 AM.

Jun. 10, 2020

GBP/USD goes back up to Mar, 12 levels, trading at 1.2755

(23:00)

With no major movement GBP/USD closed at 1.2742 after ranging between 1.2755 and 1.2738

While down from preceding data of 6.011M, United States JOLTs Job Openings (Apr) is better than expected at 5.046M according to new data released Tuesday 2:00 PM United States Money Supply fall short of the 0.25% projections, with 0.25% and continued its downward trajectory from previous figure of 0.25%.

Projections for United Kingdom RICS House Price Balance (May) are set for a continuation of decline with -24% while previous data was -21%, data will be released today at 11:01 PM. United States Producer Price Index is projected to out perform last figure with 0.1% while it previously stood at -1.3%, data will be released tomorrow at 12:30 PM. According to projections United States Money Supply are set for a continuation of decline with 1,550K while previous data was 1,877K, data will be released tomorrow at 12:30 PM.


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Jun. 9, 2020

GBP/USD goes back up to Mar, 12 levels, trading at 1.2729

(22:00)

With no major movement GBP/USD closed at 1.2726 after ranging between 1.2729 and 1.2728

United Kingdom Retail Sales released Monday 11:01 PM with a figure of 7.9%, this is better from previous number of 5.7% While down from preceding data of 6.011M, United States JOLTs Job Openings (Apr) is better than expected at 5.046M according to new data released today at 2:00 PM Data for United States Crude Oil Inventories was released today at 8:30 PM suggests a downwards trend with 8.400M, while previous data was -0.500M

Expectations for United Kingdom RICS House Price Balance (May) are set for a continuation of decline with -24% while previous data was -21%, data will be released tomorrow at 11:01 PM. United States Money Supply looks to be getting worse with an expected 0.25% while preceding figure was 0.25%, new data will be released tomorrow at 6:00 PM.

Jun. 8, 2020

GBP/USD is trading around 1.2721 after starting the session at 1.2592(up 1.02%)

(21:00)

GBP/USD remains in the 1.2721 range after starting the session at 1.2592 and gaining 128 pips

United States Current Account Balance released today at 5:00 PM with a figure of 0.280%, this is better from previous number of 0.230% United States CB Employment Trends Index (May) released today at 2:00 PM with a figure of 46.28, this is better from previous number of 42.53

United Kingdom Monetary Policy Committee is scheduled for tomorrow at 2:30 PM. United Kingdom Retail Sales is scheduled for today at 11:01 PM. According to projections United States JOLTs Job Openings (Apr) are set for a continuation of decline with 5.000M while previous data was 6.191M, data will be released tomorrow at 2:00 PM.

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