Sunday 15 April 2018

GBP/USD

Next week investors' attention will be focused on the development of the geopolitical situation amid growing tension between the US and Russia after a missile strike on Syria and the introduction of new US sanctions against Russia.
Also in the focus will remain a trade dispute between the US and China. On Monday, the spring sessions of the International Monetary Fund and the World Bank will open.
On Friday, the dollar exchange rate changed insignificantly against the basket of other currencies amid uncertainty of investors regarding a military strike against Syria.
The pound went up against the dollar: the pair GBP/USD was trading at 1.4238 after it rose to a maximum of ten weeks at 1.4297 on Friday amid forecasts that the Bank of England will raise the interest rate as early as May.
In addition to the development of geopolitical and trade conflicts, investors will follow economic reports next week, the most important of which will be the report on the volume of retail sales in the US.
Also, the inflation data in the UK will be carefully analyzed, which will provide fresh indicators for the further course of monetary policy.


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