-
UK Data: GBP/USD and GBP/AUD Techical Analysis
We have a plethora of UK data this week, as is always the case in the middle part of the month. Jobs, inflation, and retail sales are released from tomorrow which will all help or hinder the BoE’s recent optimistic outlook. The furlough scheme still supports the employment numbers while inflation is forecast to moderate and bad weather may have slowed retail sales. The bank is most focused on inflation which they see spiking higher in the near-term before moving back to target over the medium term. GBP is expected to outperform during this period versus most if its peers as the MPC has a relatively more hawkish ... (full story)