FX.co ★ British GDP under May's authority

The GBP / USD pair

The British pound experienced a real crash on Friday. A shaky hope at least as good as the forecast of the GDP for the first quarter has disappeared as smoke. The growth was only 0.1% against the expectations of 0.3%, which was the weakest growth in the last five and a half years. In annual terms, the GDP added 1.2% against the forecast of 1.4% y / y. With the output of the indicator, the pound collapsed by 135 points.

Tomorrow, there are indicators in the U.K. on business activity and data on lending trends. Forecasts for indicators are negative The Manufacturing PMI is expected to decrease from 55.1 to 54.9 in April.

Today, the focus will be on US data particularly on income and expenditure of consumers. Personal incomes for March are expected to increase by 0.4%. Personal expenses are also expected to grow by 0.4%. We are waiting for the decline of the British pound to 1.3680, further 1.3625.