GBPUSD Analysis: A Week Full of News Begins
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The following events may affect the GBP/USD rate:
→ Tue: 09:00 (GMT+3) – Claimant Count Change (UK labor market indicator)
→ Tue: 15:30 (GMT+3) - Consumer Price Index (indicator of inflation in the US)
→ Tue: 17:00 (GMT+3) – Speech by the Governor of the Bank of England
→ Wed: 09:00 (GMT+3) - UK GDP
→ Wed: 15:30 (GMT+3) – Producer Price Index (US inflation indicator)
→ Wed: 21:00 (GMT+3) – Fed rate decision (!)
→ Thu: 15:30 (GMT+3) – News on unemployment and retail sales in the US
The GBP/USD chart shows that so far the market is more bullish than bearish, because:
→ rate dynamics fit into the uplink (shown in blue)
→ on Monday morning, it looks like a bullish breakout test pattern of the median line (1) of this channel is forming.
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