U.K. business data

• Manufacturing PMI (Apr), fact 53.1, forecast 53.2.

Business activity in the UK manufacturing sector slowed down in April, which is not strange against the background of a general slowdown in the UK economy. In addition to very restrained data that meet the average dynamics of the indicator, the response to these statistics is limited to low activity at the European trading session. Trading today is carried out only on the British Stock Exchange.

Fig. 1. U.K. business activity index in the manufacturing sector (PMI) chart

The dynamics of the GBP/USD pair and the market in general remains limited to low activity. At the same time, it is worth noting that the pair is overbought, which against the background of weak statistics and the resumption of activity in the market can cause a correction. Significant resistance are the marks: 1.3080 and 1.3100, support: 1.3030 and 1.3000.

Fig. 2. GBP/USD chart. Current price – 1.3060

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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3. Expectations from the USD/JPY for the end of April – early May

Current Investment ideas:

1. CAT shares give SUPER-opportunity to earn in April!