Forex. Pound/Dollar (GBP/USD) forecast for today.
The pound is holding slightly better against the dollar, now the currency pair is around 1.3579. It can be seen that the currency of the pair is near the boundary value of the weekly range. There is an attempt to turn around after confident sales and gain a foothold in a higher trading framework. The first target is in case of growth in the area of 1.3601.
The yield on 10-year UK bonds is close to mid-September, and is now at 1.1940%.
It is likely that market participants are waiting for Friday, as the publication of UK GDP for November and industrial indicators will take place. The Bank of England will base its forecasts on these indicators.
Past data did not inspire optimism about the kingdom's economy. In October, GDP grew by 0.1% against 0.6% in September. But the publication of industrial production and the volume of production in the UK manufacturing industry created a negative. The October data came out worse than the forecast and worse than the previous publication. This indicates that the kingdom's economy is still far from recovering.
Today, the pound paired with the dollar and the euro may react to the economic statistics of the Eurozone and the United States. Particular attention will be focused on the Halifax house price index on Thursday.