| Public Sector Net Borrowing |
16.7B |
14.3B |
7.2B |
|
| CBI Industrial Order Expectations |
-25 |
-14 |
-15 |
|
| BBA Mortgage Approvals |
31.2K |
31.2K |
30.6K |
|
| CBI Realized Sales |
-1 |
7 |
0 |
|
| Prelim GDP q/q |
0.3% |
0.1% |
-0.3% |
|
| Index of Services 3m/3m |
0.1% |
0.0% |
-0.3% |
The economic growth of 0.3% registered in the first quarter of 2013 has changed the story for UK. With this GBP they have escaped a new recession. It was also a trigger for the 1.6% growth of the British pound with the American dollar.
Next week on Wednesday it will be published the Manufacturing PMI, on Thursday the Construction PMI and on Friday the Services PMI. All of them are estimated to be over the previous ones.
GBPUSD has rejected from the trend line zone, where the 1.5227 support it is found, and closed over the highs near the rejection line of the up channel. Next resistances are found at 1.55 and 1.56.
Wrap Up 22-26 April GBPUSD Up 1.6% by Razvan Mihai
