Forex. Pound/Dollar (GBP/USD) forecast for today.
The pair gained a foothold in the area above the European support of 1.3127. At the moment, there is a strong resistance at the level of 1.3202.
The yield of 10-year UK bonds is near the March maximum values at 1.668%.
This time, the US dollar was under pressure against other world currencies. The US economy in the fourth quarter of 2021 increased by 6.9% in terms of annual rates, according to the final data of the US Department of Commerce. Earlier, a 7% rise was announced.
Experts on average expected an upward revision of the indicator to 7.1%, according to Trading Economics.
According to the revised data of the Ministry of Trade, consumer spending, which accounts for two-thirds of US GDP, increased by 2.5% in the fourth quarter, not 3.1%, as previously reported.
Exports soared by 22.4%, imports increased by 17.9% - instead of the previously announced 17.6%.
On Tuesday, market participants are likely to wait for the reaction of the pound after the publication of UK GDP, housing price index, business investments, investments of commercial enterprises. The US labor market data will also affect the course of trading.