Super Thursday! GBPUSD at a critical junction ahead today’s News and Events!

May 11, 2017

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Super Thursday! GBPUSD at a critical junction ahead today’s News and Events!

This article is originally referred from FXPrimus News

Today’s Important Indicators

GBPUSD is sitting at a critical junction ahead of the news today.

It is Super Thursday for the pound; the UK will release the Manufacturing Production, Inflation report and monetary policy summary.

Moreover, there will be an in interest rate decision for the pound.

Today’s Forecast for Important Trading Indicators

 Time in GMT Country Indicator Expected Previous
 11:00 am UK BOE Inflation Report  –  –
 11:00 am UK MPC Official Bank rate votes  1-0-8  1-0-8
 11:00 am UK Monetary Pplicy Summary  –  –
 11:00 am UK  Official Bank rate  0.25%  0.25%
 12:30 pm US  PPI m/m  0.2%  -0.1%
 12:30 pm UK  Unemployment Claims  245k  238k

Market Movers

  • EURUSD dropped to 1.0860 and is currently trading there on the back of Draghi’s speech.
  • USDJPY continued to rally reaching as high as 114.35 but failed to break that level a few times.
  • The Asian indexes closed all in green except for Shanghai which was down by 0.42%.

GBPUSD Technical Chart

FXPRIMUS Official Website

Original Source: FXPrimus News

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