The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
GBP/USD: forecast for September 11-15
The upcoming days will be very eventful for the pound. The nation will release CPI on Tuesday and labor market data on Wednesday. On Thursday, there will be a release of retail sales and the Bank of England’s meeting. The last time consumer inflation – although at 4-year high – didn’t accelerate and the central bank sounded more dovish than expected, which led to a decline in the British currency.
This is Forex trading plan for Thursday, May 24…
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.
Last week was highly positive for the US dollar, so, it managed to end the Friday’s trading above 93.50.