GBP/USD dropped sharply late in the week and the pair ended the week just above the 1.38 line.
The upcoming week has four releases, including the BoE rate decision.
Here is an outlook for the highlights and an updated technical analysis for GBP/USD.
The Confederation of British Industry Realized Sales report finally punched into positive territory after six straight declines. Sales volume rose to +20 in April, up from -45 points. This easily beat the estimate of +9.
In the US, consumer confidence soared, as the Consumer Board Consumer Confidence Index climbed to 121.7, up from 113.1 beforehand. The US dollar dipped after the FOMC meeting, as the Fed said it was premature to discuss tapering.
GBP/USD dropped sharply late in the week and the pair ended the week just above the 1.38 line.
The upcoming week has four releases, including the BoE rate decision.
Here is an outlook for the highlights and an updated technical analysis for GBP/USD.
The Confederation of British Industry Realized Sales report finally punched into positive territory after six straight declines. Sales volume rose to +20 in April, up from -45 points. This easily beat the estimate of +9.
In the US, consumer confidence soared, as the Consumer Board Consumer Confidence Index climbed to 121.7, up from 113.1 beforehand. The US dollar dipped after the FOMC meeting, as the Fed said it was premature to discuss tapering.