These are good news. GBP/USD ticks up.

In the US, Unemployment Claims, The number of individuals who filed for unemployment insurance over the last week, is due to rise up from 367K to 390K.

The Purchasing Managers’ indices in the UK were generally better than expected in January, and an official recession now seems less likely. However, another round of QE by the contral bank seems inevitable. Despite stronger US growth, the pound has had a spectacular run, rising over 500 pips against the dollar since mid-January.

In the US, Unemployment Claims, important indicator to value the unemployed that are looking for jobs over the last month, rise of 1K is predicted up to 373K.

The pound continues to show weakness against the greenback, due in large part to the sluggish UK economy and continuing debt crisis affecting the eurozone.

In the US, Crude Oil Inventories, weekly report to value the crude oil barrels in commercial company’s inventory, is about to by remain 3.9M similar to the last week.

The housing sector is relatively stable: this was seen in another positive Construction PMI and another rise in house prices. On the other hand, manufacturing remains sluggish. We will get the last PMI figure and more housing data this week.

In the US, Charles Plosser, Federal Reserve Bank of Philadelphia President, is about to lecture in Philadelphia

Britain enjoyed some nice growth in Q3, but fresh figures from October are not so good: The manufacturing sector is contracting once again, while construction is doing better and the services sector is struggling.

In the US, Investor’s Business Daily (IBD) Techno Metrica Institute of Policy and Politics (TIPP), Economic Optimism, Survey  (900 consumers) to rate the financial conditions economic outlook for the 6-month, a rise from 39.9 points on September to 43.2 points now is forecasted.