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GBP / USD

Yesterday, British investors were under a new stream of conflicting information regarding the Brexit negotiations. First, there was a rumor that Britain could stay in the customs union after leaving the EU, which, of course, was later refuted by Theresa May herself. The main block of issues should be discussed before the end of May, so that by the June summit of the EU, these issues have already been agreed.

Today and until Wednesday, there is no scheduled important data on the UK. On Wednesday, the inflation indicators for April will be published with a positive forecast (CPI growth from 2.5% y / y to 2.7% y / y), possibly because of the continued optimistic mood by the investors against the backdrop of the Brexit negotiation process, they will be supported by the same optimistic expectations for inflation. And if the dollar itself does not continue the massive offensive, then we should expect the pound sterling in the range of 1.3620 / 40.

Exchange Rates 18.05.2018 analysis

* The presented market analysis is informative and does not constitute a guide to the transaction.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Laurie Bailey,
Analytical expert
InstaForex Group © 2007-2018
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