It’s a heavy showing for the GBP/USD pair this week with both the Federal Reserve (Fed) and Bank of England (BoE) on-deck with interest rate calls sla
The Fed is broadly expected to hold
It’s a bumper week for the GBP/USD on the economic calendar. For the UK, Consumer Price Index numbers print on Wednesday, BoE Thursday, and Friday sees Retail Sales and Preliminary Purchasing Manager Index figures. Thursday’s Initial Jobless Claims for the week into September 15th and the Philadelphia Manufacturing Survey for September are scheduled for 12:30 GMT. Initial Jobless Claims last printed at 220K, and the manufacturing survey is expected to decline 0.7% versus the last showing of 12.
forecast to tick down to 47.8 from the previous 47.9, and the services sector PMI is forecast to move slightly lower from 50.5 to 50.3.On the technical side, the GBP/USD is knocking sideways in early week trading. The pair opened the week near the 1.2400 handle and has so far struggled to find momentum. The intraday action sees a sideways skid between 1.2400 and 1.2380.
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