The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
GBP/USD moves down on UK data
On Thursday, the British pound decreased versus the greenback, suppressed by the publication of dismal British retail sales data. Moreover, market participants were waiting for the Bank of England’s policy verdict.
The currency pair GBP/USD reached 1.2704 during European morning trade, which the lowest outcome since Tuesday.
According to the UK Office for National Statistics, retail sales went down 1.2% in May, while financial experts and investors hoped for a 0.8% descend.
The British pound was still under pressure amid surging political uncertainty in the United Kingdom.
The Bank of England is supposed to leave its monetary policy intact, though traders relish a though of getting extra clues on future policy moves.
The US dollar remained quite vulnerable amid everlasting American political turmoil.
The major British currency was nearly intact versus the common currency, with EUR/GBP keeping to 0.8802.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.