Sterling has been one of the strongest performers in the past week, but can it hold on to its gains with this week’s big catalysts?
Employment data (Feb. 18, 9:30 am GMT)
- January claimant count to increase by 22.6K vs. previous 14.9K gain
- Unemployment rate to hold steady at 3.8% for another month
- Average earnings index to dip from 3.2% to 3.1% in three-month period ending in December
Inflation figures (Feb. 19, 9:30 am GMT)
- Headline CPI to jump from 1.3% to 1.7% in January
- Core CPI to climb from 1.4% to 1.5%
- PPI input prices to post 0.5% dip after earlier 0.1% uptick
- PPI output prices to rise by 0.1% after previous flat reading
Flash PMI readings (Feb. 21, 9:30 am GMT)
- Reading above 50.0 reflects expansion, below 50.0 indicates contraction
- U.K. flash manufacturing PMI to dip from 50.0 to 49.7 in Feb
- U.K. flash services PMI to fall from 53.9 to 53.4 in Feb
- Trend strength analysis reveals that sterling pairs are all looking bullish but that Cable’s trend is weakening.
- Stochastic paints a mixed picture, with sterling in overbought territory against the franc, euro, and yen.
Roz has been engaged in the financial markets since 2017, specializing in Foreign Exchange, Before joining to FOREX IN WORLD she start to learn forex trading related information.
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