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Weekly GBP/USD Outlook: 2017, November 12 - November 19

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by , 11-12-2017 at 02:39 PM (845 Views)
      
   
GBP/USD was looking for a new direction after that dovish hike from the BoE and as Brexit talks are trying to get out of the ditch. The upcoming week features three top-tier publications: inflation, jobs, and retail sales.

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  1. Inflation report: Tuesday, 9:30. The weakness of the British pound following the EU Referendum last year is the main contributor to higher prices.
  2. Jobs report: Wednesday, 9:30. Weak wages will probably take center-stage once again.
  3. CB Leading Index: Wednesday, 14:30. A drop of 0.1% was reported in August. We will now receive the data for September.
  4. Retail sales: Thursday, 9:30. After three upbeat months, the volume of sales slipped by 0.8% in September, causing a slide in the pound. Are consumers becoming more sensitive to higher prices? The updated data for October also feeds into Q4 GDP.

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