GBP/USD Daily Forecast - 30 April

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Monday, Apr 30 2018

GBP/USD Daily Forecast - 30 April

The upcoming week presents a new month and the first week of the month brings in the usual set of PMI data from the UK in the form of construction, services and manufacturing PMI data. We are also likely to see a lot of month end currency flows which should impact the pound.

Fxempire.com claims to also have the employment data from the US which would be watched very closely due to the fact that the employment data had come in very weak in the previous month. If the data comes in stronger, then we should see the pound further weaken but we believe that for the short term, the GBPUSD pair would be caught between the 1.36 and the 1.38 regions.

More in this category: « EUR/USD Daily Forecast - 27 April AUD/USD Daily Forecast - 1 May »

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