Yesterday the pair GBP/USD showed a slight decline
Today we’ll the UK trade balance data for March. The trade balance deficit could fall from -11.96 billion pounds to -11.30 billion pounds, but trade excluding EU figure could worsen from -3.50 billion to -3.36 billion.
Tomorrow the meeting of the Bank of England will be held. The US has the poor calendar today.
NFIB Small Business Optimism index is expected to grow from 92.6 to 93.2. The Wholesale Inventories are expected to increase by 0.1%.
How to trade
On the hourly chart, the pair GBP/USD has the key levels: 1.4536, 1.4385, 1.4332. The short-term bearish movement is expected in the range of 1.4385 - 1.4332. The short-term upward movement is possible in the range of 1.4462 - 1.4536. We would buy call options if the pair grows above 1.4462. We would buy put options if the pair falls below 1.4385.
Expiry time: 20:00 GMT