After ending yesterday at 1.0973, Sterling-Dollar drifts up to 1.0973 (up 10,972 pips) .
Trading week at a glance - GBP/USD is up to 1.0973, after closing yesterday at zero. Overall, a 0% move or 10,972 pips this week. (Trade the Pound with FXTM now).
On the flip side, United States Initial Jobless Claims beat analyst expectations of 215,000 and the previous reading of 209,000 with new data of 193,000. Highly important GDP data from United States beat analyst expectations of -0.6 with a reading of -0.6.
At the same time, United Kingdom Manufacturing PMI released Friday with a figure of 48.5, while the previous figure was 47.3. United Kingdom Services PMI came out at 49.2, while a consensus of analysts was expecting 50. United Kingdom Composite PMI came out at 48.4, while a consensus of analysts was expecting 49.
Furthermore, the market is looking at tomorrow at 06:00 UTC data for United Kingdom GDP will be released, with an expected decline to -0.1 from the preceding figure of 0.8. United Kingdom GDP projected to come out at 2.9% — worse than previous data of 8.7%; data will be released tomorrow at 06:00 UTC.
Also worthy of note, United Kingdom Composite PMI is expected Wednesday.