Tue, May 02, 2017
The Pound didn’t seem to flinch after slower-than-forecast economic growth in the U.K. to climb for its biggest monthly advance in a year.
Gross domestic product advanced 0.3% in the first quarter from the prior three months which was below the 0.4% median forecast of economists. However, the currency stayed above the 1.2900 level and was set for its second monthly gain versus the Dollar after PM Theresa May announced a snap election for June on April 18.
The pound traded 0.3% higher yesterday against the Dollar at 1.2937 before falling to 1.2861 this morning. Yesterday’s gain took it to a monthly gain of 3.1%.
Data to look out for today.
09:30: GBP UK Manufacturing PMI
| Day | Time | Currency | Event |
|---|---|---|---|
| TUE | 07:45 | EUR | EUR Markit/ADACI Italy Manufacturing PMI | TUE | 07:50 | EUR | EUR Markit France Manufacturing PMI | TUE | 07:55 | EUR | EUR Markit/BME Germany Manufacturing PMI | TUE | 08:00 | EUR | EUR Markit Eurozone Manufacturing PMI | TUE | 08:30 | GBP | GBP Markit UK PMI Manufacturing SA | TUE | 09:00 | EUR | EUR Euro-Zone Unemployment Rate | TUE | 15:30 | USD | USD U.S. to Sell 4-Week Bills | TUE | 23:01 | GBP | GBP BRC Shop Price Index (YoY) |
| {currency-pair} | {exchange-rate} |
|---|
*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team
| S | M | T | W | T | F | S |
| 30 | 1 | 2 | 3 | 4 | 5 | 6 |
| 7 | 8 | 9 | 10 | 11 | 12 | 13 |
| 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| 21 | 22 | 23 | 24 | 25 | 26 | 27 |
| 28 | 29 | 30 | 31 | 1 | 2 | 3 |
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