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GBP/USD Daily Forecast - 28 June

Wednesday, Jun 27 2018
GBP/USD Daily Forecast - 28 June

From the UK, yesterday, CBI Realized Sales figures were released. Retail sales grew at the fastest pace since September 2017 in the year to June, according to our latest monthly Distributive Trades Survey. The survey of 106 firms, consisting of 45 retailers, also revealed that sales volumes were well above average for the time of year, following three months when they were below seasonal averages. Additionally, the survey reported a jump in growth in the volume of orders placed on suppliers.

In the US session Durable Goods Orders figures were published. New orders for U.S.-made capital goods and shipments unexpectedly fell in May, but upward revisions to data for the prior month pointed to moderate growth in business spending on equipment in the second quarter. The Commerce Department said orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, slipped 0.2 percent last month. April data was revised to show the so-called core capital goods orders surging 2.3 percent instead of the previously reported 1.0 percent rise. Economists polled by Reuters had forecast core capital goods orders gaining 0.5 percent last month.

There will be no data releases from the UK tomorrow. In the US session Final GDP figures will be released. Growth by 2.2% is anticipated.

Figures to watch:

Final GDP (Thursday 13:30)

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