GBPUSD

British Pound / US Dollar

On the agenda are US and UK GDP; consumer spending inflation, applications for unemployment benefits and auctions for the placement of US bills; Japanese investments; unemployment in Norway; retail sales in Sweden, as well as natural gas reserves in the United States.

The Federal Reserve (Fed) refrained from softening its forward guidance. But markets doubt that the central bank will strictly adhere to the previously announced plan. Therefore, the U.S. dollar is expected to decline. This is reported by Stephane Marion, Chief Economist and Strategist of the National Bank of Canada.

Business confidence in the UK grew at the fastest rate in 20 months. Lloyds Bank Plc's said its UK sentiment index rose from 10% in November to 17% in December.

Due to increasing interest rates and deepening recession, the British property market is experiencing more and more stress. This sphere, which used to be prosperous during the pandemic, might face price decrease by 10% over the next year.

The focus is on inflation in Canada, the US secondary housing market, the trade balance of New Zealand, public sector lending in the UK and consumer confidence in the US and Germany.