The GBP/USD currency pair might fall in the medium-long term, according to our analysts. A medium-long term target might be 1.36, where is 50% Fibo on the daily chart. Brexit uncertainty is holding back the economic growth of the UK. There is a highly probability, that the Bank of England keep the interest rate unchanged this year. The unemployment rate might increase or remain unchanged. On the other hand, the U.S. Federal Reserve signaled it still planned to raise interest rates twice in 2018.
The main economic data of this week:
UK CPI MoM (+0.5% expectation); (-0.5% previously)
YoY (+2.8% expectation); (+3.0% previously)
UK Unemployment rate (+4.4% expectation); (+4.4% previously)
UK Employment change ( +84k expectation); (+88k previously)
FOMC rate decision (+1.75% expectation); (+1.50% previously)
BOE rate (+0.50%expectation); (+0.50 previously).