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 hits 2-week minimums once again on dismal UK data
On Friday, the British pound sagged versus the greenback following the publication of dismal UK economic growth data. Meanwhile, hopes for an upcoming American tax overhaul kept lending support to the US currency.
The currency pair GBP/USD slumped 0.43% being worth 1.3383, re-approaching Thursday's two-week minimums of 1.3344.
As the UK Office for National Statistics informed on Friday, the British GDP expanded 1.5% during the second quarter, year-over-year, descending from the prior estimate of 1.7%.
On a quarterly basis, the British economy went up 0.3% by June, which is in line with financial experts' expectations.
According to a separate report, the country’s current account deficit extended to about £23.2 billion in the second quarter versus £22.3 billion of the first quarter this year, whose figure was updated from a previously estimated deficit of approximately £16.9 billion.
The Bank of England will publish its Monetary Policy Report and Summary, Official Bank Rate, and its votes on May 5 at 14:00 MT.
The Reserve Bank of Australia will make the cash rate statement on May 3, at 07:30 MT.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.