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Flash: GBP/USD data focus – TD Securities

FXstreet.com (London) - The economic calandar has two releases in focus coming up for the pair, and for GBP, the markets are looking for the construction PMI to rise from 49.4 to 49.8 in May.

TD Securities research teams have said that with the strength we’ve seen in other PMIs across Europe (including the UK’s manufacturing PMI) suggests that we should see a rise to above 50. For the dollar, the US trade could widen modestly in April as the lagged impact of the strengthening dollar tempers export activity and could push overall non-petroleum imports higher. However, the overall rise in the deficit will be tempered by weaker energy prices, which should lower the energy import bill.

Flash: The GBP/USD reached 61.8% retracement - Commerzbank

GBP/USD’s corrective rebound has reached 1.5373 (61.8% retracement).
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