11 Mar 2016
GBP/USD: awaiting key trade data - FXStreet
The GBP/USD pair fell down to 1.4117 on the back of dollar's rally post-ECB announcement, but managed to recover towards a fresh 3-week high of 1.4316 as the American currency resumed its slide.
Key Quotes:
Pound had no life of its own this Thursday, as the macroeconomic calendar remained empty in the UK, for the most, replicating EUR/USD behavior within a narrower range.
"On Friday, the United Kingdom will release its January trade balance figure, with a larger deficit expected, and the Consumer Inflation expectations, latest at 2.0%. Better-than-expected readings can push the pair higher, leaving it poised to test the 1.4500 mark next week."
Key Quotes:
Pound had no life of its own this Thursday, as the macroeconomic calendar remained empty in the UK, for the most, replicating EUR/USD behavior within a narrower range.
"On Friday, the United Kingdom will release its January trade balance figure, with a larger deficit expected, and the Consumer Inflation expectations, latest at 2.0%. Better-than-expected readings can push the pair higher, leaving it poised to test the 1.4500 mark next week."