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The GBP/USD pair was trading in a calm manner, without major spikes or falls. The pair opened a new week at 1.5612 and the Pound started to grow reaching 1.5750 level on Monday after Britain's manufacturing PMI increased slightly 53.5 points. However, the day after the pair went down as British construction PMI dropped to 59.4. The Bank of England, meanwhile, kept its benchmark interest rate unchanged at its historic low of 0.5% on Thursday and is now expected to keep it there until the late next year or even 2016, offering no relief to sterling, which has fallen almost 9% since July, as rate expectations have been pushed back. Moreover, country's inflation expectations decreased to 2.5% for the next 12 months from now. Meanwhile, ISM manufacturing PMI in the US has decreased marginally to 58.7 points, but non-manufacturing indicator, in turn, rose to 59.3. On Friday, the pair dropped to the 1.5581 level, following better-than-expected announcement of US non-farm payrolls, which soared to 321,000 from 241,000 in October.
Concerning the present week, sentiment experienced little changes, as vast majority of all votes are still negative on the GBP/USD currency pair, namely 57.9% of them. The average prediction for Friday of this week is located around 1.544 major level, while around 1/4 of all votes are placed in the range between 1.567 and 1.580. Among important fundamental news, from Britain's side we can wait for trade balance data in October. This data is due to be released on Wednesday. The US is due to publish statistics on unemployment claims and core retail sales on Thursday, along with the producer price index and consumer sentiment a day later.
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