The Pound is looking pretty self-confident. Overview for 01.05.2019
In the middle of the week, GBPUSD remains “in the black”; it is ready to continue rising.
Early in May, the British Pound intends to continue growing against the USD. The current quote for the instrument is 1.3057.
Several European countries have a holiday today, including Germany, France, Switzerland, and Italy.
In this light, the United Kingdom will have the floor as the country is scheduled to report on the Manufacturing PMI in April. The indicator is expected to decline and the Pound may be very sensitive to this news. Apart from this, the UK will publish the Net Lending to Individuals the Mortgage Approvals reports. The first report may also show some negative dynamics, while the second one is expected to remain rather neutral.
Overall, these reports may not be too important for the Pound, but who knows how the British currency may behave on a quite “thin” market.
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