The US Import Price Index managed to post a larger-than-expected gain over the course of April, official data revealed on Wednesday.
The number of job openings in the US rose in March, according to the JOLTS monthly report.
A monthly report released by IHS Markit showed that change of house prices in the UK did not justify analysts' expectations. While majority of experts anticipated an increase of 0.1% in April, the revealed data showed the opposite result.
The US unemployment rate dropped unexpectedly last month, as companies created more jobs than expected.
GBP/USD sustained its tendency of lacking momentum to move in any direction and opened flat for the fifth consecutive time, suggesting that the pair might take this path until it meets the bottom trend-line of the senior broadening wedge.
GBP/USD remained inside the bounds of an upward sloping channel pattern on the daily chart and opened the day with a slip further away from the upper boundary which it had managed to test twice over the last few weeks.
British manufacturing activity hit its best since 2014 last month, supported by a solid global economic recovery and the weak Pound.
The Purchasing Managers' Index for the US manufacturing sector grew less than analysts estimated.
The British economy expanded at a slower than expected pace in the three-month period to March, as consumers began feeling the impact of rising inflation amid the sharp fall in the value of the Pound.
Orders for US-manufactured goods rose less than experts estimated in March, official figures revealed on Thursday.
The Conference Board Consumer Confidence Index dropped more than experts estimated.
The Conference Board Consumer Confidence Index dropped more than experts estimated.
Friday's data on British retail sales surprised many experts who did not expect such a notable change in March.
Friday's data on British retail sales surprised many experts who did not expect such a notable change in March.
US manufacturing activity in the Mid-Atlantic region slowed markedly in April, official figures revealed on Thursday.
US homebuilding activity dropped more than expected last month amid the unusually warm weather and weaker manufacturing activity, official figures revealed on Tuesday.
US homebuilding activity dropped more than expected last month amid the unusually warm weather and weaker manufacturing activity, official figures revealed on Tuesday.
Manufacturing activity in the New York State fell markedly in April, raising concerns over economic growth in the Q2 of 2017, a survey revealed on Monday.
US consumer prices fell unexpectedly last month, marking the first decline in more than a year, official figures revealed on Friday.
US producer prices dropped unexpectedly last month due to the lower cost of services and energy products.
Employment data released on Wednesday confirmed the view that pay growth in the United Kingdom slowed significantly following the country's decision to leave the European Union, which boosted inflation across the country amid the sharp fall in the value of the Pound.
British inflation remained unchanged in March compared to the prior month due to this year's later Easter and a slight fall in oil prices.
In February, British total production experienced a 0.7% decrease compared to the previous month, the Office for National Statistics reported on Friday.
In February, British total production experienced a 0.7% decrease compared to the previous month, the Office for National Statistics reported on Friday.