FX.co ★ Labor in the UK is weakening

GBP / USD pair

On Monday, the dollar index rose by 0.12%, and the British pound continued to consolidate without further moves in anticipation of today's data on employment for the March assessment. The unemployment rate forecast remains unchanged to 4.2%. The increase in the average salary for the last 3 months, taking into premiums account, may decrease from 2.8% to 2.7%. The number of applications for unemployment benefits in April is expected to increase from 11.6 thousand to 13.3 thousand.

The main event of the day will be the release of US retail sales data in April. The overall retail sales are expected to grow by 0.4% in April while basic sales are expected to grow by 0.5% against 0.2% in March. Inventories of companies are expected to increase by 0.2%. The index of business activity in the housing market from the NAHB is projected at 70 points in May against 69 months earlier.

In the end, we are waiting for the decline of the British pound in the range of 1.3450 / 80.