Forex. Pound/Dollar (GBP/USD) forecast for today.
The currency pair is in the trading range of 1.3622 - 1.3573. The US currency took the lead, which indicates a speculative priority in the foreign exchange market. The movement of quotations within the descending channel is visible. A breakdown of key support will open up the prospect of further decline.
The yield on 10-year UK bonds has slightly decreased after a multi-day rise and is now at 1.2285%.
Despite the strengthening of the dollar, the latest US statistics did not please market participants. The number of Americans who applied for unemployment benefits for the first time increased by 55 thousand last week to 286 thousand people, according to a report by the US Department of Labor. The indicator was the highest since mid-October. The growth rate also turned out to be a record since July.
A week earlier, the number of requests was 231 thousand, not 230 thousand. as previously reported.
The end of the week will be marked by an increase in trading activity in currency pairs where there is a pound. Friday's focus is on retail sales, the core retail sales index and the GfK consumer confidence index. In case of an increase in indicators, the pound may turn around from the price levels of the current week.