05.04.201808:18 Forex Analysis & Reviews: Pound under the sword of the American dollar

GBP / USD

On Wednesday, the British pound completely used confusion in the markets in connection with a new round of mutual taxation of 25 percent duty on Chinese and American goods. The pound added 22 points. But investors, in our opinion, somewhat hastened. The index of business activity in the construction sector in Great Britain for March showed a decrease from 51.4 to 47.0 with a forecast of a smaller decline to 50.9. Today, Services PMI is expected to deteriorate from 54.5 to 53.9 over the same month, which is understandable against the background of the consistent replacement of English banks from the European market. Finally, tomorrow, the US Non-Farm Employment has signs of a yield higher than the expected 190 thousand, as evidenced by yesterday's ADP Non-Farm Employment and very low weekly applications for unemployment benefits throughout the month. The unemployment rate in the US is expected to drop to 4.0%. Britain has nothing to oppose. Even the political background on the "Skripal case", which defended the unsuccessful points of the Brexit treaty, is beginning to burst. Labor leader Jeremy Corbyn, like other British politicians, doubts the production of a poisonous substance in Russia and, in general, Russia's participation in this incident. We are waiting for a pound on 1.3995 and further in the range of 1.3910 / 30.