GBP / USD: After a busy trading week

TRADING RECOMMENDATIONS

European
Central Bank on Thursday left its monetary policy unchanged. The president
ECB Mario Dragi in a subsequent speech for the first time in more than two years does not
announced new incentive measures. Nor did he signaled that
such measures are prepared.

Generally
Market reaction was muted. European stocks and government
Bonds fell after the ECB on Thursday refrained from further
easing monetary policy. Euro grew until the ad, and then
It began to decline sharply in the course of performance Mario Dragi.

similar dynamics
with the EUR / USD pair demonstrated yesterday and other currency pairs the US dollar
after the beginning of the performance, Mario Draghi, including a pair GBP / USD. Today the pair GBP / USD
restored with the opening of the trading day. By the beginning of the European session, the pair GBP / USD
almost completely recovered yesterday's fall and returned to the level of closing
environment. The current month as a whole develops positively to the pound and the pair GBP / USD.

earlier
Earlier this month, it was given a very good performance critical condition
sectors of the UK economy. Thus, the Purchasing Managers Index (PMI)
for the scope of the UK services amounted to 52.9 in August (after 47.4 in July and
vs. 50.0 forecast). PMI index in August rose by 5.5 points, which was the
the most significant increase in the index for all time of such statistics
after a record fall in July, when the decision was published population
British withdraw from the EU structure.

Index
Purchasing Managers / PMI / UK production sphere in
August was 53.3 (vs. 49.0 and 48.3 in July). Industrial
Index (PMI) and the PMI index for the services sector is an important indicator of business
conditions and the overall state of the UK economy, as these
sector form a significant part of the total score of the British GDP.

Data
indicate that the national economy has coped with the UK
consequences of voting for withdrawal from the EU.

Today at
08:30 (GMT) published data on trade balance for UK
July (the first month after the referendum on Brexit). Expected deficit reduction
Balance at 0.809 billion pounds (up to 11.6 billion pounds).

But,
the most important information at this time will be presented to the Bank of England (forecast
on consumer price inflation). This indicator measures the percentage
regarding the expected change in consumer prices for goods and services in
12-month term. The previous value was 2%.

decrease
outlook negative impact on quotations of the pound and vice versa. In the moment
Publication index is expected to surge in volatility and pound to trade
the index of the London Stock Exchange FTSE100.

It is also worth
pay attention to the speech (11:45 GMT) President of the Federal Reserve
Bank of Boston Erika Rozengrena, who had previously spoken out in favor of retaining
loose monetary policy, and then changed his views on
opposite. I wonder what he would say after the negative macroeconomic indicators
US admitted earlier in the week, and after yesterday's ECB meeting. Comments Rosengren
can be an incentive to growth for the buck.

At 17:00
published a report oilfield services company Baker Hughes in the number of
active drilling rigs in the United States, which is an important indicator of activity
oil sector of the US economy and a noticeable effect on the quotation of oil prices. On
Currently the number of active drilling platforms in the US is 407.