The British pound plunged late last week, as the GBP/USD lost over 300 points. The pair closed at 1.4614. This week’s highlights are CPI and Claimant Count Change. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. This week’s highlights are CPI and Claimant Count Change. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD.
The pound took a dive following weak UK manufacturing numbers, election uncertainties, and hawkish sentiment in the FOMC minutes. In the US, employment job numbers rebounded last week. JOLTS Job Openings improved and the 4-week jobless claims was the lowest since 2000.
Read the rest of the article GBP/USD Forecast Apr. 13-17