29, March 2013

GBP/USD (a 4-hour chart)

GBP/USD (a 4-hour chart)

GBP/USD eased trading on Wednesday after several disappointing British releases. Pair fell below 1.51, and continues to test the line.

The current account of the major UK releases this week showed that the deficit will increase by GBP 14 billion, well above the estimate GBP 12.8 billion.

The final GDP was also weak, the fourth decline in five readings.

A decline of 0.3%. BBA mortgage approvals also disappointed, falling below expectations, the fourth time in a row.

An important indicator of housing fell to 30.5 thousand, against estimates 33,600. CBI Realized Sales plummeted from 8 last month to zero, surprising markets that are expected - 12.

Today and Monday is a day off.