Pound balances on data for England and the US

GBP / USD

According to the UK, there was no news on Wednesday and the pound sterling was quite calm watching the correction of the dollar, as the US dollar index dropped 0.81% and the pound added 38 points. Expectations on the economic data of Britain for today can be determined moderately optimistic. The number of issued permits for mortgage lending in April is expected at 63 thousand approximately in March level. The net volume of new loans granted to individuals is expected to increase from 4.2 billion in March to 5.2 billion pounds. The residential property price index for May is expected to grow by 0.2% -0.3% (year-on-year growth from 2.6% to 3.0%).

In the evening, important data on the United States will come out. The number of applications for unemployment benefits is expected at 228 thousand compared to 234 thousand a week earlier. Personal incomes of consumers in April are expected to grow by 0.3%, while personal expenses may increase by 0.4%. Business activity in the manufacturing sector of the Chicago region for May is projected to increase from 57.6 to 58.2.

There is still a slight increase in the pound sterling (1.3330), after which we expect a decline in the range of 1.3225 / 45 and further into the range of 1.3135 / 65.

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