The US NFP Update: What to Wait for?
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.
GBP/USD goes down, while keeping to 6-week high
On Friday, the British pound went down versus the American dollar, though it was still keeping to a six-week peak after British economic surge data turned to be in line with expectations and also amid hopes for tighter monetary policy in Great Britain.
The currency pair GBP/USD reached 1.2985 in Europe.
According to the UK Office for National Statistics, GDP gained 0.2% during the first quarter, which is in line with hopes and a previous estimate. The British economy ascended 2% year-on-year.
A separate report states that the British current account deficit extended to £16.9 billion during the first quarter from £12.1 billion for the last three months.
Financial experts had hoped the current account deficit would extend to £17.3 billion in the previous quarter.
The British pound managed to strengthen after on Wednesday Bank of England Governor Mark Carney told that some removal of monetary stimulus will become required because spare capacity in the economy decreases.
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The Reserve Bank of Australia will make the cash rate statement on May 3, at 07:30 MT.
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The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
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The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
