As expected, due to the celebration of President's Day in the United States, no major market turmoil happened. After all, there was no macroeconomic data either. So you can say the day was boring and mundane. In particular, data will be published in the construction sector of the euro area, the growth rate of which should accelerate from 0.9% to 2.1%. As an additional argument, there are data on industrial production in Italy, and it is predicted that its decline by 2.0% will be replaced by a growth of 2.3%. Nevertheless, these data are rather interesting as preparation and some warm-up before the publication of data on the UK labor market, which is the main event of the day. Although the unemployment rate itself should remain unchanged, wage data can lend strength to a pound. The fact is that the growth rate of the average wage without premiums can accelerate from 3.3% to 3.4%. But what is more interesting for investors is the possible acceleration of the average wage growth rate, taking into account premiums from 3.4% to 3.5%.
The euro/dollar currency pair once again focused on the range level of 1.1270 / 1.1300. Probably assume that the amplitude fluctuations within the band level, in an attempt to go above it.
The currency pair pound/dollar after the intensive course reached a periodic level of 1.2920, where it felt resistance and slowed down. Probably assume a temporary stagnation-rollback, wherein the case of fixation higher than 1.2920, we will open the way to 1.2960-1.2980.
