Overall, GBP/USD is trending downwards. Recently, GBP/USD trended lower, breaking support level of 1.27745.
The U.K. Final Services PMI data (Actual: 34.5, Forecast: 34.7, Previous: 35.7) released last Friday was worse than forecasted.
The U.K. Construction PMI data (Forecast: 44.0, Previous: 52.6) will be released later at 1630 (SGT).
It is forecasted to perform worse than previous month and the construction sector contracted in March.
If the released data is worse than forecasted, GBP may weaken.
The U.K. Final Services PMI data (Actual: 34.5, Forecast: 34.7, Previous: 35.7) released last Friday was worse than forecasted.
The U.K. Construction PMI data (Forecast: 44.0, Previous: 52.6) will be released later at 1630 (SGT).
It is forecasted to perform worse than previous month and the construction sector contracted in March.
If the released data is worse than forecasted, GBP may weaken.