16.04 - GBP/USD is too unstable for our taste
- by Anna K.
Ahead of the Great Britain’s employment data we are going to see uneven performance of the pound. Such was the prediction of the market experts yesterday. And this report is due in just a couple of hours as well as average earnings index, which is an index that essentially tells us how much of the production costs is passed on to the consumer to pay and how much the consumers are ready to pay for the goods and services. As a result of this readiness of the consumers we can see the future support for the currency as well as its strength.
And when yesterday we heard about uneven performance we didn’t expect it to be this uneven. Just look at the chart. Movements of the GBP/USD couple truly is weird for the two currencies which are usually more or less stable.