Here are the key factors to keep in mind today for British Pound trades:
- UK BBA Loans for House Purchase: UK BBA Loans for House Purchase for April was reported at 40,140. Economists predicted a figure of 44,700. Forex traders can compare this to UK BBA Loans for House Purchase for March which was reported at 43,854.
- UK Preliminary GDP: The UK Preliminary GDP for the first-quarter increased by 0.4% quarterly and by 2.0% annualized. Economists predicted an increase of 0.4% and 2.1%. Forex traders can compare this to the first UK Preliminary GDP for the first-quarter which increased by 0.4% quarterly and by 2.1% annualized. Private Consumption increased by 0.7%, Government Spending by 0.4% and Gross Fixed Capital Formation by 0.5%. Economists predicted an increase of 0.5%, of 0.4% and of 0.9%. Forex traders can compare this to the first Private Consumption for the first-quarter which increased by 0.6%, the first Government Spending which increased by 0.3% and the first Gross Fixed Capital Formation which decreased by 1.1%. Exports decreased by 0.3% and Imports increased by 0.8%. Economists predicted an increase of 0.1% and 1.0%. Forex traders can compare this to the first Exports for the first-quarter which increased by 0.1% and Imports which increased by 0.9%.
- British Index of Services: British Index of Services for March decreased by 0.1% monthly and increased by 0.6% monthly over three months. Economists predicted an increase of 0.2% and 0.6%. Forex traders can compare this to the British Index of Services for February which increased by 0.1% monthly and by 0.8% monthly over three months.
Here are the key factors to keep in mind today for US Dollar trades:
- US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of May 21st are expected at 275K and US Continuing Claims for the week of May 14th are expected at 2,142K. Forex traders can compare this to US Initial Jobless Claims for the week of May 14th which were reported at 278K and US Continuing Claims for the week of May 7th which were reported at 2,152K.
- US Pending Home Sales: US Pending Home Sales for April is expected to increase by 0.7% monthly and by 0.2% annualized. Forex traders can compare this to US Pending Home Sales for March which increased by 1.4% monthly and by 2.9% annualized.
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