The deficit in the trade balance dropped to 8.2 billion pounds. It was expected to slide from 9.1 (before revisions) to 8.8 billion pounds. Consumer inflation expectations rose by 3.6% in the previous period and remained unchanged now.
GBP/USD traded at around 1.5580 before the publication, stabilizing a bit lower after shooting higher on the greenback’s collapse. The pair hardly moves.
The US dollar crashed across the board following more mediocre US data and the calm message from the European Central Bank.
The crash was felt across the board, with USD/JPY falling to 95.50, EUR/USD peaking above 1.33 and GBP/USD rising as high as 1.5680 before falling back.
All in all, British figures have been OK in the past week, with services PMI showing solid growth, and other PMIs also on the rise.
The big event of the day is the US Non-Farm Payrolls.
For more levels and analysis, see the GBPUSD forecast.
Live 30 minute chart for cable:[do action=”tradingviews” pair=”GBPUSD” interval=”60″/]
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