FX.co ★ Review of GBP / USD pair as of 05/30/2018

The pound continued to lose its position relative to the dollar, and the reason was the statements of George Soros. The world-famous investor predicted a new economic crisis, which, in his opinion, would make Europe the worst. After the international media spread his words, the dollar began to appreciate with new force. After a while, attempts were made to slightly adjust the situation, as market participants felt that the pound was already heavily resold. However, it quickly returned to the lows, as data on the growth rate of house prices in the U.S. came out better than forecasts. Earlier it was assumed that they should slow down, but they remained unchanged.

Today, the second estimate of U.S. GDP for the first quarter will be published, and it is expected that it will show even greater acceleration of economic growth. If these forecasts are confirmed, the pound will drop to 1.3175. If the data disappoint investors' expectations, it is worth waiting for the pound to rise to 1.3350.