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The Pound looks to have been winning versus the Euro in recent days with better than expected inflation and better than expected GDP growth. With the rate up near year highs again it will be interesting to see if the rate fails at resistance or pushes on.
The Eurozone trade balance and the UK retail sales numbers out tomorrow breakfast could be the deciding factor. With the latter analysts are expecting month on month contraction of -0.5%.
From a US perspective it's the initial jobless claims just after lunch that could affect GBP/USD.
Business news centres on the UK rental market which is hitting tenants from both directions. A freeze to housing benefit hits the first direction whilst soaring rental prices hits the other.
EUR: 10:00 Trade Balance
US: 13:30 Initial Jobless Claims
UK: Friday 07:00 Retail Sales
As ever we look forward to keeping you in the loop and look out for our next update.
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