The British Pound depreciated against the US Dollar, following the UK Current Account release on Friday at 9:30 GMT. The GBP/USD exchange rate lost 25 pips or 0.19% right after the release. The British Pound continued trading at the 1.3030 level against the US Dollar.
The Office for National Statistics released the UK Current Account data, which came lower-than-expected. The index was negative 23.7B compared with forecast negative 22.9B.
"An elevated shortfall is a potential source of vulnerability for the UK economy — particularly if there was any major loss of investor confidence in the UK for any reason, most obviously Brexit concerns," economist Howard Archer, from the EY ITEM Club Consultancy, said.
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| Date | 29.03.2018 | 29.06.2018 | 28.09.2018 | 21.12.2018 | 29.03.2019 |
|---|---|---|---|---|---|
| Actual | -18.4B | -17.7B | -20.3B | -26.5B | -23.7B |
| Forecast | -24.0B | -18.0B | -19.4B | -21.7B | -22.9B |
| Pair | Open | Close | Change |
|---|---|---|---|
| GBP/USD | 1.30257 | 1.30327 | 0.05% |
| EUR/GBP | 0.86192 | 0.86134 | -0.07% |
| GBP/CAD | 1.74843 | 1.74924 | 0.05% |
| GBP/JPY | 144.334 | 144.364 | 0.02% |
| Pair | Longs | Shorts |
|---|---|---|
| GBP/USD | 44.4% | 55.6% |
| EUR/GBP | 66.5% | 33.5% |
| GBP/CAD | 27.5% | 72.5% |
| GBP/JPY | 37.9% | 62.1% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 8:30 | GBP | Manufacturing PMI | 53 | 52 |
| 12:30 | USD | Retail Sales m/m | 0.3% | 0.2% |
| 14:00 | USD | ISM Manufacturing PMI | 54.5 | 54.2 |