On Wednesday the Sterling climbed 0.54% versus its US counterpart, as multiple of high importance data were released in both - US and UK. However, in the rest of the week there will not be released that important data and Thursday is US bank holiday; therefore, the volatility could fall. US initial unemployment claims broke above the 300,000 threshold, rising to
Yesterday the Pound gained 0.34% against the US Dollar, although the informational background was quiet. The only important data released were the German Ifo Business Climate that is not directly impacting this currency pair. However, there are more important data to come on Tuesday - UK inflation report hearings and US prelim GDP. The US labor and retail markets continue