04, April 2013

GBP/USD (a 4-hour chart)

GBP/USD (a 4-hour chart)

The British pound also fell after the UK manufacturing sector data fell short of expectations. Fears that the UK economy faces third recession in five dropped the pound against the dollar by 7% this year.

Index of business activity in the service sector for March is publisjed today at 12:30 MSK. The forecast is 51.4 vs. 51.8 in February.

Bank of England's monetary policy is published at 15:00 MSK.