
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
On Friday, the British pound decreased against the American dollar, following the publication of dismal British economic growth data as well as a more upbeat report on the country’s current account. Meanwhile, market participants eyed upcoming American economic reports.
The currency pair GBP/USD reached 1.2447 during European morning trade, which is the session minimum. This pair consolidated at 1.2465, sliding 0.10%.
Cable was about to get backed at 1.2401, Thursday’s minimum and resistance at 1.2598, the peak of March 28.
The UK Office for National Statistics reported that its final reading of fourth quarter GDP was a 0.7% soar, which is in line with hopes as well as a previous estimate.
However, year-on-hear GDP added 1.9% during the fourth quarter, which is below expectations and a previous forecast for a surge rate of 2%.
A separate report revealed that the UK current account deficit dropped to £12.1 billion in the fourth quarter of the previous year from £25.7 billion of the third quarter.
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
Canada will publish Retail Sales and Core Retail Sales on June 21 at 15:30 GMT+3.
The US PPI will come out on Tuesday, June 14, at 15:30 MT time (GMT+3).
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.